AVOW HOSPICE INC
Mission Statement
The mission of Avow Hospice is “to create peace of mind by providing compassionate care and support to those who need us.” Avow Hospice provides a comprehensive network of health and emotional support across Southwest Florida, featuring its core Hospice Care for terminally ill patients of all ages, non-hospice Palliative Care to manage complex symptoms during ongoing medical treatments, specialized Veteran Services connecting former military personnel with veteran peers, the Avow Kids youth bereavement and camp program for children dealing with profound loss, and the Center for Grief Support offering individual counseling and adult support groups for community members navigating grief, caregiver stress, or pet bereavement.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
78.7% | 87.5% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
21.3% | 11.1% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
14.0 mo | 6.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
6.0% | 32.8% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
96.9% | 92.7% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
11.7% | 7.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
10.7% | 6.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
4.9% | 1.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $35.2M | $33.5M | $39.1M | 78.7% | 359 |
| 2023 | $31.5M | $30.2M | $31.6M | 77.0% | 324 |
| 2022 | $30.3M | $29.6M | $23.6M | 78.1% | 366 |
| 2021 | $29.5M | $28.8M | N/A | — | 357 |
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