Montgomery Hospice Inc

Analysis

Montgomery Hospice Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in January 1980, 46 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, Montgomery Hospice Inc reported income of $26.8m and spending of $31.6m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $29.6m to $26.8m (-9.4%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montgomery Hospice Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Bill Wilson Center ($26.8m), Richland Place Inc ($26.9m) and Marion-Polk Food Share Inc ($26.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.0m (3.2% of expenses). Other salaries and wages came to $19.6m. At year end it held assets of $42.4m against liabilities of $4.7m, net assets of $37.8m. It reported 340 employees.