Crater Community Hospice Inc

Analysis

Crater Community Hospice Inc is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 October 2023, Crater Community Hospice Inc reported income of $7.1m and spending of $7.1m, spending 100% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $3.2m to $7.1m (+120%), an average of +22% a year. The sharpest change came in the year to October 2022, when income rose by 56%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Crater Community Hospice Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Cerebral Palsy Research Foundation of Kansas Inc ($7.1m), Industry Convalescent Hospital ($7.1m) and Allies for Health & Wellbeing ($7.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $173k (2.4% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $6.3m against liabilities of $1.4m, net assets of $4.9m. It reported 68 employees.