Coastal Hospice Inc

Analysis

Coastal Hospice Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in September 1981, 45 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 June 2023, Coastal Hospice Inc reported income of $18.0m and spending of $18.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.2m to $18.0m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coastal Hospice Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Childrens Hope Alliance ($18.0m), Union of Pan Asian Communities ($18.0m) and Regional Aid for Interim Needs Inc ($18.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $730k (3.9% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $18.6m against liabilities of $7.3m, net assets of $11.3m. It reported 265 employees.