Hope Hospice Foundation

Analysis

Hope Hospice Foundation is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Hospice Foundation reported income of $674k and spending of $657k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $229k to $674k (+194%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 1643%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Hospice Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Gasol Foundation ($674k), Nishmat Avraham Inc ($675k) and Allegiant Giving Corporation ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $9.3m against liabilities of $156k, net assets of $9.2m.