Talbot Hospice Foundation Inc

Analysis

Talbot Hospice Foundation Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in October 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, Talbot Hospice Foundation Inc reported income of $4.5m and spending of $5.1m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.5m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2020, when income rose by 86%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Talbot Hospice Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Bridge Fund of New York Inc ($4.5m), Young Mens Christian Association of San Angelo Texas ($4.5m) and Mano a Mano Family Resource Center ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $281k (5.6% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $14.2m against liabilities of $354k, net assets of $13.8m. It reported 95 employees.