Hospice of Yancey County Inc Dba Compassionate Care Western NC

Analysis

Hospice of Yancey County Inc Dba Compassionate Care Western NC is a registered charity in United States, based in Burnsville, NC. It received its IRS tax-exemption ruling in April 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 Yancey County Inc Dba Compassionate Care Western NC reported income of $5.2m and spending of $4.6m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.9m to $5.2m (+78%), an average of +15% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Yancey County Inc Dba Compassionate Care Western NC sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Ventures ($5.2m), McGaw YMCA ($5.2m) and Primrose Center Inc ($5.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $112k (2.4% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.7m against liabilities of $322k, net assets of $4.3m. It reported 31 employees.