Seward Area Hospice Inc

Analysis

Seward Area Hospice Inc is a registered charity in United States, based in Seward, AK. It received its IRS tax-exemption ruling in April 2016, 10 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, Seward Area Hospice Inc reported income of $124k and spending of $88k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $372k to $124k (-67%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 65%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seward Area Hospice Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within AK. Charities of a similar size with the same main cause include Georgia Adoption Specialists Inc ($124k), West Jay Community Center Inc ($124k) and Kids Chance of Virginia Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $43k (48% of expenses). Other salaries and wages came to $12k. At year end it held assets of $608k against liabilities of $90k, net assets of $518k. It reported 3 employees.