Faith Hospice
Grand Rapids, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 39 peers in Health Care with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $26,825,360↑2% | $24,663,767 | $26,391,050↑11% | |
| 2022 | $26,310,806↓2% | $24,574,851↑8% | $23,779,047↑7% | — |
| 2021 | $26,751,222↑7% | $22,680,348↑4% | $22,316,906↑17% | — |
| 2020 | $24,960,970↑3% | $21,830,377↑4% | $19,085,764↑17% | — |
| 2019 | $24,202,855↑15% | $21,001,654↑16% | $16,329,744↑23% | — |
| 2018 | $21,024,919↑13% | $18,138,839↑3% | $13,257,691↑2% | — |
| 2017 | $18,651,426↑10% | $17,671,270↑11% | $13,042,634↑10% | — |
| 2016 | $16,886,093↑20% | $15,849,834↑13% | $11,849,643↓15% | — |
| 2015 | $14,116,438↑13% | $14,077,193↑4% | $13,979,675↓10% | — |
| 2014 | $12,463,002↓9% | $13,594,093↑2% | $15,462,534↓12% | — |
| 2013 | $13,697,720↑1% | $13,268,678↑3% | $17,594,025↑6% | — |
| 2012 | $13,604,856↑3% | $12,853,398↑7% | $16,549,075↓1% | — |
| 2011 | $13,217,113 | $12,029,017 | $16,721,716 | — |
Frequently Asked Questions
What does Faith Hospice do?▼
Faith Hospice is a health care nonprofit organization based in Michigan. It is classified under NTEE code E92Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Faith Hospice financially healthy?▼
Based on our 9-metric Financial Health Score model, Faith Hospice has a score of 71/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Faith Hospice generate?▼
Faith Hospice reports $29.0M in annual revenue and holds $29.3M in total assets, based on IRS filings.
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