Hospice of Southern Maine

Analysis

Hospice of Southern Maine is a registered charity in United States, based in Scarborough, ME. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Hospice of Southern Maine reported income of $22.5m and spending of $20.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.0m to $22.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Southern Maine sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within ME. Charities of a similar size with the same main cause include Whites Residential and Family Services Inc ($22.5m), Central Illinois Foodbank ($22.5m) and Childrens Resource and Referral of Santa Barbara County ($22.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $447k (2.2% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $28.7m against liabilities of $2.3m, net assets of $26.3m. It reported 186 employees.