Hospice of the Chesapeake Foundation Inc

Analysis

Hospice of the Chesapeake Foundation Inc is a registered charity in United States, based in Pasadena, MD. It received its IRS tax-exemption ruling in July 1986, 40 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 December 2023, Hospice of the Chesapeake Foundation Inc reported income of $6.5m and spending of $1.5m, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $6.5m (+107%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 32% 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 Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Young Mens Christian Association Booth Bay Region ($6.5m), Glen Flora ($6.5m) and Lift Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $282k (19% of expenses). Other salaries and wages came to $595k. At year end it held assets of $27.4m against liabilities of $23k, net assets of $27.3m.