Cedar Valley Hospice Inc

Analysis

Cedar Valley Hospice Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in February 1980, 46 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, Cedar Valley Hospice Inc reported income of $13.6m and spending of $14.3m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.5m to $13.6m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cedar Valley Hospice Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Horizon Project ($13.6m), Assumption Home Inc ($13.6m) and Family Centered Services of Alaska ($13.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $473k (3.3% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $18.3m against liabilities of $2.1m, net assets of $16.2m. It reported 137 employees.