Hospice

Analysis

Hospice is a registered charity in United States, based in Crossville, TN. It received its IRS tax-exemption ruling in February 1988, 38 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 reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Graceway Ministries ($1.8m), Impacting Tomorrow Incorporated ($1.8m) and Furnish Hope ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $93k (5.5% of expenses). Other salaries and wages came to $990k. At year end it held assets of $1.4m against liabilities of $112k, net assets of $1.3m. It reported 34 employees.