Hospice of the Valley

Analysis

Hospice of the Valley is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 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 September 2023, Hospice of the Valley reported income of $195.5m and spending of $173.0m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $158.3m to $195.5m (+23%), an average of +5.4% a year. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of the Valley sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include Mississippi State University Foundation Inc ($194.3m), Young Mens Christian Association of Greater New York ($196.1m) and Compass Connections ($192.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $2.2m (1.3% of expenses). Other salaries and wages came to $107.0m. At year end it held assets of $196.5m against liabilities of $21.0m, net assets of $175.6m. It reported 1,826 employees.