Hospice of Gaston County Inc

Analysis

Hospice of Gaston County Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in January 1979, 47 years ago. 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 June 2023, Hospice of Gaston County Inc reported income of $11.3m and spending of $12.8m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.7m to $11.3m (-3.0%), an average of -0.8% a year. 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 Gaston 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 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Keshet ($11.3m), Traditions at Chillicothe ($11.3m) and Triangle Inc ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 93% of the total. Other salaries and wages came to $5.9m. At year end it held assets of $27.1m against liabilities of $854k, net assets of $26.3m. It reported 102 employees.