Hospice of Havasu Inc

Analysis

Hospice of Havasu Inc is a registered charity in United States, based in LK Havasu Cty, AZ. It received its IRS tax-exemption ruling in November 1982, 44 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 Havasu Inc reported income of $4.5m and spending of $4.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.5m to $4.5m (-52%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Havasu Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Big Sur Marathon Foundation Inc ($4.5m), R I H Orthopaedic Foundation Inc ($4.5m) and Mercy Foundation Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 88% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $13.0m against liabilities of $238k, net assets of $12.8m. It reported 122 employees.