Lower Cape Fear Hospice Foundation Inc

Analysis

Lower Cape Fear Hospice Foundation Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in August 1985, 41 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, Lower Cape Fear Hospice Foundation Inc reported income of $1.6m and spending of $650k, leaving 60% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income fell from $2.0m to $1.6m (-16%), an average of -5.6% a year. The sharpest change came in the year to September 2021, when income rose by 465%. Over the whole period it spent 12% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lower Cape Fear Hospice Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Big Creek Missions ($1.6m), Alpha House of Pinellas County Inc ($1.6m) and Douglas County Child Development Association ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 107% of the total. Other salaries and wages came to $389k. At year end it held assets of $21.8m against liabilities of $57k, net assets of $21.8m.