Hospice of East Texas Foundation

Analysis

Hospice of East Texas Foundation is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 East Texas Foundation reported income of $1.7m and spending of $2.7m, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.7m (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 342%. Over the whole period it spent 42% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hospice of East Texas Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Flemington-Raritan First Aid & Rescue Squad Inc ($1.7m), Work First Inc ($1.7m) and Society of Forensic Toxicologist Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Other salaries and wages came to $408k. At year end it held assets of $16.6m against liabilities of $10k, net assets of $16.6m.