Hospice Buffalo Inc

Analysis

Hospice Buffalo Inc is a registered charity in United States, based in Cheektowaga, NY. It received its IRS tax-exemption ruling in October 1981, 45 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 Buffalo Inc reported income of $44.1m and spending of $41.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.4m to $44.1m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice Buffalo Inc 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 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Choices Healthcare ($43.9m), Westminster Canterbury of the Blue Ridge ($44.1m) and Spectrum for Living Development Inc ($43.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.4m (3.4% of expenses). Other salaries and wages came to $18.9m. At year end it held assets of $8.9m against liabilities of $2.4m, net assets of $6.5m. It reported 430 employees.