Lower Cape Fear Hospice Incorporated

Analysis

Lower Cape Fear Hospice Incorporated is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in July 1979, 47 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 September 2023, Lower Cape Fear Hospice Incorporated reported income of $43.6m and spending of $44.2m, spending 101% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $34.6m to $43.6m (+26%), an average of +8.0% a year. The sharpest change came in the year to September 2021, when income rose by 27%. 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, Lower Cape Fear Hospice Incorporated sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Greater Bergen Community Action Inc ($43.5m), Bay Aging ($43.6m) and Puerto Rican Family Institute Inc ($43.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.3m (5.2% of expenses). Other salaries and wages came to $23.4m. At year end it held assets of $59.3m against liabilities of $13.3m, net assets of $46.0m. It reported 461 employees.