Hospice of the Upstate Inc

Analysis

Hospice of the Upstate Inc is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in December 1988, 38 years ago. 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 December 2023, Hospice of the Upstate Inc reported income of $12.4m and spending of $12.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.5m to $12.4m (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of the Upstate 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 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include New Haven Jewish Community Council Housing Corporation ($12.4m), Phila Hospital and Health Care District ($12.5m) and Winning Wheels Inc ($12.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $227k (1.8% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $16.7m against liabilities of $861k, net assets of $15.8m. It reported 156 employees.