Hospice of the Valley Inc

Analysis

Hospice of the Valley Inc is a registered charity in United States, based in Decatur, AL. It received its IRS tax-exemption ruling in September 1985, 41 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 Valley Inc reported income of $4.8m and spending of $4.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $4.8m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of the Valley Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 95th percentile within AL. Charities of a similar size with the same main cause include Goodroots Northwest ($4.8m), Mobius Inc ($4.8m) and Safehome Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $3.5m against liabilities of $286k, net assets of $3.3m. It reported 62 employees.