Health and Palliative Services of the Treasure Coast Inc

Analysis

Health and Palliative Services of the Treasure Coast Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Health and Palliative Services of the Treasure Coast Inc reported income of $15.7m and spending of $16.1m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.9m to $15.7m (+22%), an average of +5.1% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Health and Palliative Services of the Treasure Coast Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Wesley Glen Inc ($15.7m), Childrens Home of Northern Kentucky Inc ($15.7m) and Calvary Fellowship Homes Inc ($15.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.6m (10.0% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $2.3m against liabilities of $5.0m, net assets of -$2.7m. It reported 499 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.