Hospice

Analysis

Hospice is a registered charity in United States, based in Ottumwa, IA. It received its IRS tax-exemption ruling in October 1983, 43 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 December 2023, Hospice reported income of $1.6m and spending of $1.7m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.6m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Maryland Agricultural Education ($1.6m), Los Angeles Maritime Institute ($1.6m) and Nineline Veterans Services ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $102k (6.0% of expenses). Other salaries and wages came to $878k. At year end it held assets of $2.6m against liabilities of $163k, net assets of $2.4m. It reported 38 employees.