Hospice of Stanly County Inc

Analysis

Hospice of Stanly County Inc is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in April 1982, 44 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 December 2023, Hospice of Stanly County Inc reported income of $6.1m and spending of $5.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $6.1m (+93%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Stanly County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Greater Columbus Community House ($6.1m), Salisbury Rowan Community Action Agency Inc ($6.1m) and Aapi Equity Alliance ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $108k (1.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.4m against liabilities of $531k, net assets of $4.8m. It reported 46 employees.