Hospice of the Piedmont Inc

Analysis

Hospice of the Piedmont Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in February 1982, 44 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 Piedmont Inc reported income of $25.4m and spending of $25.8m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.4m to $25.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 93% 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 Piedmont Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Ark-Tex Council of Governments ($25.4m), Catholic Charities of California ($25.4m) and Winchester-Thurston School ($25.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.9m (7.3% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $41.6m against liabilities of $2.9m, net assets of $38.7m. It reported 248 employees.