Hospice of the Florida Suncoast Inc

Analysis

Hospice of the Florida Suncoast Inc is a registered charity in United States, based in Lakewood Ranch, FL. It received its IRS tax-exemption ruling in March 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Hospice of the Florida Suncoast Inc reported income of $114.1m and spending of $112.6m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $111.1m to $114.1m (+2.7%), an average of +0.7% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of the Florida Suncoast Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Central Florida Cares Health System Inc ($114.1m), Agespan Inc ($114.3m) and Capital Area Food Bank ($113.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 96% of the total. At year end it held assets of $63.7m against liabilities of $17.8m, net assets of $45.8m.