Hospice of Southern West Virginia Inc

Analysis

Hospice of Southern West Virginia Inc is a registered charity in United States, based in Beckley, WV. It received its IRS tax-exemption ruling in July 1988, 38 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 Southern West Virginia Inc reported income of $12.3m and spending of $12.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.7m to $12.3m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Southern West Virginia Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within WV. Charities of a similar size with the same main cause include My Journey ($12.3m), The Lebron James Family Foundation ($12.3m) and Coalition for Christian Outreach ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $126k (1.0% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $9.2m against liabilities of $970k, net assets of $8.3m. It reported 174 employees.