Hospice Care Of Southwest Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 16,988,322 | 14,279,289 | 2,709,033 | 26.5 | 48% |
| 2012 | 16,147,146 | 14,065,871 | 2,081,275 | 29.5 | 51% |
| 2013 | 16,825,551 | 15,287,334 | 1,538,217 | 29.6 | 51% |
| 2014 | 16,280,104 | 15,199,773 | 1,080,331 | 30.0 | 51% |
| 2015 | 16,911,222 | 15,163,798 | 1,747,424 | 30.2 | 52% |
| 2016 | 18,819,186 | 16,780,289 | 2,038,897 | 29.9 | 52% |
| 2017 | 24,180,155 | 21,110,529 | 3,069,626 | 26.2 | 51% |
| 2018 | 25,355,257 | 23,409,098 | 1,946,159 | 23.2 | 55% |
| 2019 | 28,775,843 | 28,142,971 | 632,872 | 21.7 | 55% |
| 2020 | 37,410,053 | 34,849,100 | 2,560,953 | 19.7 | 54% |
| 2021 | 46,603,506 | 41,496,295 | 5,107,211 | 19.2 | 56% |
| 2022 | 44,121,379 | 48,185,767 | −4,064,388 | 13.7 | 53% |
| 2023 | 46,416,524 | 51,328,462 | −4,911,938 | 12.8 | 56% |
In its most recent public year (2023), this organization spent $4,911,938 more than it brought in. Its reserves stood at about 12.8 months of spending, down from 26.5 in 2011. Staff pay was 56% of spending. $5,114,461 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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