Hospice of Laurens County Inc

Analysis

Hospice of Laurens County Inc is a registered charity in United States, based in Clinton, SC. It received its IRS tax-exemption ruling in September 1987, 39 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 Laurens County Inc reported income of $10.0m and spending of $10.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $10.0m (+291%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Laurens County Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Mission Edge San Diego ($10.0m), Nysarc Inc ($10.0m) and Lake County Young Mens Christian Association ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Other salaries and wages came to $5.4m. At year end it held assets of $8.1m against liabilities of $10.1m, net assets of -$2.0m. It reported 124 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.