Hospice of the Western Reserve at University Hospitals LLC

Analysis

Hospice of the Western Reserve at University Hospitals LLC is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 2020, 6 years ago. 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, Hospice of the Western Reserve at University Hospitals LLC reported income of $31.9m and spending of $30.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.5m to $31.9m (+72%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of the Western Reserve at University Hospitals LLC sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Agudath Israel of America ($31.9m), One Community Health ($31.9m) and Naropa University ($31.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $8.0m. At year end it held assets of $7.0m against liabilities of $3.1m, net assets of $3.9m. It reported 297 employees.