Hospice of the Chesapeake

Analysis

Hospice of the Chesapeake is a registered charity in United States, based in Pasadena, MD. It received its IRS tax-exemption ruling in May 1980, 46 years ago. 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, Hospice of the Chesapeake reported income of $37.8m and spending of $42.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $32.6m to $37.8m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of the Chesapeake 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 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include East Arkansas Family Health Center Inc ($37.8m), Southwest Georgia Community Action Council Inc ($37.8m) and Upstate New York Transplant Services Inc ($37.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.2m (2.9% of expenses). Other salaries and wages came to $19.6m. At year end it held assets of $25.3m against liabilities of $8.4m, net assets of $16.9m. It reported 462 employees.