Agrace Hospicecare Foundation Incorporated

Analysis

Agrace Hospicecare Foundation Incorporated is a registered charity in United States, based in Fitchburg, WI. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Agrace Hospicecare Foundation Incorporated reported income of $16.8m and spending of $4.8m, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.7m to $16.8m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 37% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Agrace Hospicecare Foundation Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Peninsula Behavioral Health ($16.8m), Newport County Community Mental Health Center Inc ($16.8m) and New Bedford Management Systems Inc ($16.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $921k. At year end it held assets of $95.9m against liabilities of $3.5m, net assets of $92.4m. It reported 32 employees.