Hospice of the Red River Valley

Analysis

Hospice of the Red River Valley is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in May 1994, 32 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, Hospice of the Red River Valley reported income of $42.7m and spending of $39.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $32.6m to $42.7m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of the Red River Valley sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within ND. Charities of a similar size with the same main cause include Young Mens Christian Association of Greater Brandywine ($42.7m), St Joseph Home Care Network ($42.8m) and Horace Mann Educational Associates Inc ($42.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $603k (1.5% of expenses). Other salaries and wages came to $15.3m. At year end it held assets of $48.6m against liabilities of $5.9m, net assets of $42.6m. It reported 306 employees.