Pine Tree Hospice

Analysis

Pine Tree Hospice is a registered charity in United States, based in Dovr Foxcroft, ME. It received its IRS tax-exemption ruling in February 1987, 39 years ago. 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 September 2023, Pine Tree Hospice reported income of $155k and spending of $182k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $206k to $155k (-25%), an average of -6.8% a year. The sharpest change came in the year to September 2022, when income dropped by 32%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pine Tree Hospice sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 41st percentile within ME. Charities of a similar size with the same main cause include New York Buddhist Vihara Foundation ($155k), Victor Valley Community Concert Association Inc ($155k) and National Heritage Society ($155k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $68k (37% of expenses). Other salaries and wages came to $73k. At year end it held assets of $347k against liabilities of $6,700, net assets of $341k. It reported 4 employees.