Residential Hospice Foundation

Analysis

Residential Hospice Foundation is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in August 2014, 12 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 (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, Residential Hospice Foundation reported income of $103k and spending of $28k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $103k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 23% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Residential Hospice Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include St Pauls Community Outreach ($103k), Berkeley Emergency Response Team Inc ($103k) and Trauma-Informed Utah ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $343k against liabilities of $0, net assets of $343k.