Hospice Promise Foundation

Analysis

Hospice Promise Foundation is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in September 2014, 12 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 Promise Foundation reported income of $979k and spending of $844k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $979k (-5.9%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice Promise Foundation sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within LA. Charities of a similar size with the same main cause include West Nashville Dream Center ($979k), Lander Senior Citizens Center Inc ($979k) and Nwa Child Care Resource & Referral ($979k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.