Ossian Senior Hospice Incorporated

Analysis

Ossian Senior Hospice Incorporated is a registered charity in United States, based in Ossian, IA. It received its IRS tax-exemption ruling in January 1966, 60 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Ossian Senior Hospice Incorporated reported income of $3.7m and spending of $3.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.7m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ossian Senior Hospice Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Hospital for Consumptives of Maryland ($3.7m), Life Sciences Trainers & Educators ($3.7m) and Center for Environmental Health ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $88k (2.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.6m against liabilities of $381k, net assets of $1.2m. It reported 120 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.