Hospice Foundation of America Inc

Analysis

Hospice Foundation of America Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1982, 44 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 June 2023, Hospice Foundation of America Inc reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.4m (-2.5%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice Foundation of America Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 60th percentile within DC. Charities of a similar size with the same main cause include Samaritan Center Inc ($1.4m), Sitike ($1.4m) and Turner Retirement Homes Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $206k (15% of expenses). Other salaries and wages came to $503k. At year end it held assets of $1.7m against liabilities of $539k, net assets of $1.1m. It reported 9 employees.