Friends of Hospice House Inc

Analysis

Friends of Hospice House Inc is a registered charity in United States, based in Amherst, MA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friends of Hospice House Inc reported income of $3.0m and spending of $3.4m, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.6m to $3.0m (+14%), an average of +2.6% a year. The sharpest change came in the year to December 2019, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Hospice House Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Livingston County Catholic Charities ($3.0m), Brown Bag Ministries Inc ($3.0m) and Pine River Group Home Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $219k (6.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.2m against liabilities of $1.3m, net assets of $954k. It reported 78 employees.