Lamar Area Hospice Association

Analysis

Lamar Area Hospice Association is a registered charity in United States, based in Lamar, CO. It received its IRS tax-exemption ruling in June 1984, 42 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 December 2023, Lamar Area Hospice Association reported income of $1.8m and spending of $1.6m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lamar Area Hospice Association sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Council on Aging in Union County ($1.8m), Boy Scouts of America ($1.8m) and Hospice of Green Country Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $981k. At year end it held assets of $3.2m against liabilities of $15k, net assets of $3.2m. It reported 41 employees.