Hospice of Metro Denver Incorporated

Analysis

Hospice of Metro Denver Incorporated is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1978, 48 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, Hospice of Metro Denver Incorporated reported income of $39.0m and spending of $35.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $45.0m to $39.0m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Metro Denver Incorporated sits at the 99th 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 99th percentile within CO. Charities of a similar size with the same main cause include Idaho Youth Ranch Inc ($38.9m), Elim Park Baptist Home Inc ($39.0m) and Hospice of Marion County Inc ($38.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $452k (1.3% of expenses). Other salaries and wages came to $19.0m. At year end it held assets of $69.9m against liabilities of $12.1m, net assets of $57.8m. It reported 332 employees.