Hopehealth Hospice & Palliative Care

Analysis

Hopehealth Hospice & Palliative Care is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in July 1976, 50 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 September 2023, Hopehealth Hospice & Palliative Care reported income of $80.2m and spending of $89.1m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $54.9m to $80.2m (+46%), an average of +9.9% a year. The sharpest change came in the year to September 2020, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopehealth Hospice & Palliative Care sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within RI. Charities of a similar size with the same main cause include Lutheran Homes of South Carolina Inc ($80.2m), Community Food Bank Inc ($80.3m) and Givens Estates Inc ($80.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $945k (1.1% of expenses). Other salaries and wages came to $37.0m. At year end it held assets of $48.5m against liabilities of $20.4m, net assets of $28.1m. It reported 504 employees.