Hospice of Henderson County Inc

Analysis

Hospice of Henderson County Inc is a registered charity in United States, based in Flat Rock, NC. It received its IRS tax-exemption ruling in July 1980, 46 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 September 2023, Hospice of Henderson County Inc reported income of $41.3m and spending of $39.1m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $27.4m to $41.3m (+50%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Henderson 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 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include F I T Student Housing Corporation ($41.2m), Bulldog Club ($41.3m) and Childcaregroup ($41.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.1m (2.8% of expenses). Other salaries and wages came to $21.8m. At year end it held assets of $31.0m against liabilities of $5.4m, net assets of $25.7m. It reported 470 employees.