Hospice of Cleveland County Inc

Analysis

Hospice of Cleveland County Inc is a registered charity in United States, based in Shelby, 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 December 2023, Hospice of Cleveland County Inc reported income of $17.9m and spending of $18.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.2m to $17.9m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 128% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Cleveland County Inc sits at the 96th percentile: it is larger than about 96% 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 Church of the Brethren Home Inc ($17.9m), Regional Aid for Interim Needs Inc ($18.0m) and Unique Life Inc ($17.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $205k (1.1% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $12.1m against liabilities of $2.5m, net assets of $9.7m. It reported 187 employees.