Hospice of the Bluegrass Inc

Analysis

Hospice of the Bluegrass Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in February 1981, 45 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 December 2023, Hospice of the Bluegrass Inc reported income of $85.6m and spending of $91.9m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $67.5m to $85.6m (+27%), an average of +6.1% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of the Bluegrass Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Cornerstone Hospice & Palliative Care Inc ($85.5m), El Proyecto Del Barrio Inc ($85.8m) and Detroit Area Agency on Aging ($85.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.0m (3.3% of expenses). Other salaries and wages came to $46.7m. At year end it held assets of $124.5m against liabilities of $31.4m, net assets of $93.1m. It reported 1,067 employees.