Hospice of Wake County Inc

Analysis

Hospice of Wake County Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1979, 47 years ago. 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 of Wake County Inc reported income of $44.0m and spending of $43.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $53.1m to $44.0m (-17%), an average of -4.6% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Wake County Inc 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 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Bronson South Haven Hospital ($43.9m), Greater Lawrence Community Action Council Inc ($44.0m) and Parish Episcopal School ($43.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $566k (1.3% of expenses). Other salaries and wages came to $24.1m. At year end it held assets of $23.6m against liabilities of $10.1m, net assets of $13.5m. It reported 502 employees.