Minnesota Network of Hospice and Palliative Care

Analysis

Minnesota Network of Hospice and Palliative Care is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minnesota Network of Hospice and Palliative Care reported income of $436k and spending of $457k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $705k to $436k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minnesota Network of Hospice and Palliative Care sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include The Way Forward Foundation ($436k), Bit of Hope Ranch ($436k) and Familykind Ltd ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $136k (30% of expenses). Other salaries and wages came to $88k. At year end it held assets of $578k against liabilities of $77k, net assets of $501k. It reported 6 employees.