Hospice of Montezuma Inc

Analysis

Hospice of Montezuma Inc is a registered charity in United States, based in Cortez, CO. It received its IRS tax-exemption ruling in December 1990, 36 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, Hospice of Montezuma Inc reported income of $1.4m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Montezuma Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Womens Aid in Crisis ($1.4m), Eriks Ranch Inc ($1.4m) and Child and Family Services of the Upper Peninsula Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $74k (5.2% of expenses). Other salaries and wages came to $768k. At year end it held assets of $2.3m against liabilities of $112k, net assets of $2.2m. It reported 32 employees.