Hospice of Murray County Inc

Analysis

Hospice of Murray County Inc is a registered charity in United States, based in Slayton, MN. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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 June 2024, Hospice of Murray County Inc reported income of $1.4m and spending of $1.2m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $922k to $1.4m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Murray County Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Greater Cleveland Congregations ($1.4m), Washington Women in Need ($1.4m) and Jamestown 4-H Educational Center ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $83k (6.9% of expenses). Other salaries and wages came to $622k. At year end it held assets of $2.5m against liabilities of $81k, net assets of $2.4m. It reported 31 employees.