Hospice of Central Iowa Foundation

Analysis

Hospice of Central Iowa Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in December 1984, 42 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 June 2023, Hospice of Central Iowa Foundation reported income of $2.5m and spending of $2.4m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.0m to $2.5m (-39%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 56%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Central Iowa Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Mid-Western Childrens Home ($2.5m), Immigrant Social Services Inc ($2.5m) and Filipino-American Development Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $122k (5.0% of expenses). Other salaries and wages came to $258k. At year end it held assets of $17.6m against liabilities of $166k, net assets of $17.4m.