Fairhope Hospice & Palliative Care Inc

Analysis

Fairhope Hospice & Palliative Care Inc is a registered charity in United States, based in Lancaster, OH. It received its IRS tax-exemption ruling in October 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fairhope Hospice & Palliative Care Inc reported income of $14.4m and spending of $14.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.4m to $14.4m (+7.4%), an average of +1.8% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairhope Hospice & Palliative Care 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 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include The Urban League of Greater Atlanta Inc ($14.3m), Whitfield School Inc ($14.4m) and Lutheran Home for the Aged Association East ($14.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $225k (1.6% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $13.7m against liabilities of $1.6m, net assets of $12.1m. It reported 168 employees.