Hospice of Davidson County North Carolina Inc

Analysis

Hospice of Davidson County North Carolina Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in February 1985, 41 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 December 2023, Hospice of Davidson County North Carolina Inc reported income of $11.1m and spending of $10.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.2m to $11.1m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income dropped by 23%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Davidson County North Carolina 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 Presbyterian Homes of Port Charlotte Inc ($11.1m), St Louis Office for Mr DD Resources ($11.1m) and United Way of Forsyth County Inc ($11.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $758k (7.4% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $17.8m against liabilities of $1.3m, net assets of $16.5m. It reported 129 employees.