Hospice of Iredell County Inc

Analysis

Hospice of Iredell County Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in February 1984, 42 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, Hospice of Iredell County Inc reported income of $18.7m and spending of $18.9m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.4m to $18.7m (+21%), an average of +5.0% a year. The sharpest change came in the year to September 2021, when income rose by 30%. 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 Iredell County Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Jewish Community Centers of South Broward Inc ($18.7m), Good Shepherd Home for the Aged ($18.7m) and Kansas Childrens Service League ($18.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $778k (4.1% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $29.4m against liabilities of $2.5m, net assets of $26.9m. It reported 206 employees.