Hospice and Palliative Care Network of Maryland Inc

Analysis

Hospice and Palliative Care Network of Maryland Inc is a registered charity in United States, based in Sparks, MD. It received its IRS tax-exemption ruling in June 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hospice and Palliative Care Network of Maryland Inc reported income of $241k and spending of $250k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $272k to $241k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice and Palliative Care Network of Maryland Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Msruntheus ($241k), Volunteers of America Inc ($241k) and Housing Developmt Fund Co of Carpen Ters&joiners Local 964-Ramapo Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $111k (44% of expenses). Other salaries and wages came to $22k. At year end it held assets of $43k against liabilities of $39k, net assets of $4,087. It reported 2 employees.