Hospice of the Panhandle Inc

Analysis

Hospice of the Panhandle Inc is a registered charity in United States, based in Kearneysville, WV. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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 the Panhandle Inc reported income of $17.2m and spending of $19.0m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.8m to $17.2m (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of the Panhandle Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within WV. Charities of a similar size with the same main cause include Services & Advocacy for Gay Lesbian Bisexual & Transgender Elders Inc ($17.2m), Health and Social Services Consortium Inc ($17.2m) and Ronald McDonald House Charities of Southern California ($17.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $455k (2.4% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $23.6m against liabilities of $7.5m, net assets of $16.0m. It reported 181 employees.