Hospice Care Plus Inc

Analysis

Hospice Care Plus Inc is a registered charity in United States, based in Richmond, KY. It received its IRS tax-exemption ruling in July 1982, 44 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, Hospice Care Plus Inc reported income of $7.1m and spending of $7.4m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.9m to $7.1m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice Care Plus Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include California Community Opportunities Inc ($7.1m), Rucon Inc ($7.1m) and Massachusetts Childrens Alliance Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $164k (2.2% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $5.4m against liabilities of $931k, net assets of $4.5m. It reported 121 employees.