Aroostook Hospice Foundation

Analysis

Aroostook Hospice Foundation is a registered charity in United States, based in Presque Isle, ME. It received its IRS tax-exemption ruling in August 2010, 16 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, Aroostook Hospice Foundation reported income of $578k and spending of $424k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $578k (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 143%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aroostook Hospice Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within ME. Charities of a similar size with the same main cause include Maine Parent Federation Inc ($578k), 21st Century Child Development and Learning Center Inc ($578k) and Social Development Centers Incorporated ($578k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 45% of the total. Other salaries and wages came to $62k. At year end it held assets of $5.2m against liabilities of $3.3m, net assets of $2.0m. It reported 1 employees.