The Hospice Foundation

Analysis

The Hospice Foundation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in July 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Hospice Foundation reported income of $1.5m and spending of $1.1m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $738k to $1.5m (+107%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Hospice Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Marathon Residential and Counseling Services Inc ($1.5m), Eagle Point Christian Academy ($1.5m) and Banner Day Learning Corp ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $31.3m against liabilities of $23.5m, net assets of $7.7m.