Hospice and Home Care of Alexander County Inc

Analysis

Hospice and Home Care of Alexander County Inc is a registered charity in United States, based in Taylorsville, NC. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hospice and Home Care of Alexander County Inc reported income of $697k and spending of $783k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $980k to $697k (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice and Home Care of Alexander County Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Star Foundation Inc ($697k), Interstate Shellfish Sanitation Conference ($697k) and First United Methodist & Calvary Baptist Churchs ($697k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.9% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $91k (12% of expenses). Other salaries and wages came to $377k. At year end it held assets of $1.8m against liabilities of $52k, net assets of $1.8m. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.