Hospice Del Valle Inc

Analysis

Hospice Del Valle Inc is a registered charity in United States, based in Alamosa, CO. It received its IRS tax-exemption ruling in July 1982, 44 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 Del Valle Inc reported income of $706k and spending of $770k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $827k to $706k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice Del Valle Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Southwest Family Ministries ($706k), Thrive Ministries Inc ($706k) and Family Trust Foundation of Kentucky Inc ($706k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $107k (14% of expenses). Other salaries and wages came to $379k. At year end it held assets of $3.0m against liabilities of $46k, net assets of $3.0m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.