Hospice at LSMNJ Inc

Analysis

Hospice at LSMNJ Inc is a registered charity in United States, based in Burlington, NJ. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hospice at LSMNJ Inc reported income of $5.5m and spending of $5.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $5.5m (+152%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice at LSMNJ Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Christ Is the Light of the World - Tree of Life Foundation ($5.5m), Mid Coast Hunger Prevention Program Inc ($5.5m) and Hayden High School Foundation ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $3.6m against liabilities of $7.2m, net assets of -$3.6m. It reported 93 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.