Hospice of The Western Reserve Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$100,511,212
Program Services
85%
Other
9%
Contributions
4%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$95,564,002
Salaries & Benefits
51%
Other
25%
Fees to Service Providers
18%
Offices, Occupancy & IT
3%
Depreciation
2%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,052,771
$4,029,717
-1%
Government Grants
$0
$0
-
Fundraising Events
$183,575
$0
-100%
Program Services
$80,335,889
$85,479,189
+6%
Membership Dues
$0
$0
-
Investments
$1,703,588
$2,399,317
+41%
Other
$1,502,064
$8,602,989
+473%
Total Revenues
$87,777,887
$100,511,212
+15%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$45,504,654
$48,890,004
+7%
Fees to Service Providers
$15,731,197
$16,845,596
+7%
Advertising & Promotion
$13,226
$8,614
-35%
Offices, Occupancy & IT
$3,281,822
$3,247,207
-1%
Interest
$600,782
$624,135
+4%
Depreciation
$1,652,600
$1,808,309
+9%
Other
$20,341,889
$24,140,137
+19%
Total Expenses
$87,126,170
$95,564,002
+10%
Net income
2023
2024
Change
Net income
+$651,717
+$4,947,210
+659%
Functional Expenses
Summary
2023
2024
Change
Program
$69,268,125
$77,215,952
+11%
Admin
$15,629,737
$17,015,524
+9%
Fundraising
$2,228,308
$1,332,526
-40%
Total Expenses
$87,126,170
$95,564,002
+10%
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