Augustana Mount Olivet Hospice Care LLC

Analysis

Augustana Mount Olivet Hospice Care LLC is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 2015, 11 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, Augustana Mount Olivet Hospice Care LLC reported income of $19.3m and spending of $18.2m, spending 94% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $10.7m to $19.3m (+80%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 319%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Augustana Mount Olivet Hospice Care LLC sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Neurology Associates of Stony Brook University Faculty Practice Corp ($19.3m), Bluestone Health Association Inc ($19.3m) and Centra Health Foundation ($19.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $356k (2.0% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $5.8m against liabilities of $1.3m, net assets of $4.5m. It reported 159 employees.