Hospice of Midland Endowment Inc

Analysis

Hospice of Midland Endowment Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Hospice of Midland Endowment Inc reported income of $3.2m and spending of $824k, leaving 74% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $2.0m to $3.2m (+56%), an average of +12% a year. The sharpest change came in the year to April 2022, when income rose by 119%. Over the whole period it spent 27% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Midland Endowment Inc 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 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Fulton County Family Partnership Inc ($3.2m), Southern Alleghenies Service Management Group ($3.2m) and American Baptist Estates ($3.2m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $24.6m against liabilities of $193k, net assets of $24.4m.