Hospice of Homer

Analysis

Hospice of Homer is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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 Homer reported income of $270k and spending of $339k, spending 126% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $301k to $270k (-10%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Homer sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within AK. Charities of a similar size with the same main cause include Asbestos Workers Local Union No 22 Apprenticeship Training and Contin ($270k), Road Runners Club of America ($270k) and Twin Valley Seniors Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $145k. At year end it held assets of $512k against liabilities of $8,100, net assets of $504k. It reported 9 employees.