Hospice of the Valleys SC

Analysis

Hospice of the Valleys SC is a registered charity in United States, based in Murrieta, CA. It received its IRS tax-exemption ruling in June 1983, 43 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 the Valleys SC reported income of $5.7m and spending of $6.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.0m to $5.7m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of the Valleys SC 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 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Rescue Mission of Middle Georgia Inc ($5.7m), Waterbury Arc Inc ($5.7m) and New Orleans Family Justice Alliance Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $287k (4.5% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $2.3m against liabilities of $706k, net assets of $1.6m. It reported 70 employees.