Elara Caring Hospice Foundation

Analysis

Elara Caring Hospice Foundation is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elara Caring Hospice Foundation reported income of $204k and spending of $229k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $213k to $204k (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elara Caring Hospice Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Friends of the Clovis Senior Activity Center ($204k), Moscow Contemporary Inc ($204k) and Lessons for Life ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.0% of the total. Other salaries and wages came to $11k. At year end it held assets of $689k against liabilities of $11k, net assets of $678k.