Rockbridge Area Hospice Inc

Analysis

Rockbridge Area Hospice Inc is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in July 1985, 41 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 September 2023, Rockbridge Area Hospice Inc reported income of $3.4m and spending of $3.5m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $3.4m (+32%), an average of +7.2% a year. The sharpest change came in the year to September 2021, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rockbridge Area Hospice Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Grand Central Neighborhood Social Services Corporation ($3.4m), Response - Help for Survivors of Domestic Violence & Sexual Assault ($3.4m) and Young Womens Christian Association ($3.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $133k (3.7% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.5m against liabilities of $246k, net assets of $5.3m. It reported 40 employees.