Hospice of Hope Inc

Analysis

Hospice of Hope Inc is a registered charity in United States, based in Maysville, KY. It received its IRS tax-exemption ruling in March 1993, 33 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, Hospice of Hope Inc reported income of $13.5m and spending of $14.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.1m to $13.5m (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Hope Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Noble Inc ($13.4m), The Arc of the United States ($13.5m) and Families & Youth Inc ($13.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $170k (1.2% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $43.0m against liabilities of $4.0m, net assets of $39.0m. It reported 170 employees.