Agrace Hospicecare Incorporated

Analysis

Agrace Hospicecare Incorporated is a registered charity in United States, based in Fitchburg, WI. It received its IRS tax-exemption ruling in February 1979, 47 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, Agrace Hospicecare Incorporated reported income of $107.5m and spending of $107.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $74.6m to $107.5m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agrace Hospicecare Incorporated sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Organ Procurement Agency of Michigan ($107.5m), Pheaa Student Loan Foundation Inc ($108.9m) and Lutheran Social Services of Illinois ($107.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.7m (2.5% of expenses). Other salaries and wages came to $53.4m. At year end it held assets of $139.4m against liabilities of $12.9m, net assets of $126.5m. It reported 1,113 employees.