Hoffmann Hospice of the Valley Inc

Analysis

Hoffmann Hospice of the Valley Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in July 1995, 31 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, Hoffmann Hospice of the Valley Inc reported income of $23.6m and spending of $20.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.2m to $23.6m (+11%), an average of +2.6% a year. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hoffmann Hospice of the Valley Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Lifecare Alliance ($23.5m), Truenorth Community Services ($23.6m) and Family and Childrens Association ($23.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $506k (2.5% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $25.9m against liabilities of $4.7m, net assets of $21.2m. It reported 227 employees.