Hospice of the Piedmont Inc

Analysis

Hospice of the Piedmont Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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 June 2023, Hospice of the Piedmont Inc reported income of $26.9m and spending of $24.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.9m to $26.9m (+17%), an average of +4.1% a year. Over the whole period it spent 90% 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 Piedmont 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 98th percentile within VA. Charities of a similar size with the same main cause include American Society of Nephrology Inc ($26.9m), Manhattan Institute for Policy Research Inc ($26.9m) and Lutheran Social Services of South Dakota ($26.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $964k (3.9% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $30.9m against liabilities of $2.7m, net assets of $28.2m. It reported 235 employees.