Hospice of Palm Beach County Inc

Analysis

Hospice of Palm Beach County Inc is a registered charity in United States, based in Lakewood Ranch, FL. It received its IRS tax-exemption ruling in July 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 December 2023, Hospice of Palm Beach County Inc reported income of $93.7m and spending of $86.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $83.0m to $93.7m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Palm Beach County 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 Ablelight Inc ($93.6m), Visiting Nurse Service of New York Hospice ($94.0m) and The Connecticut Institute for the Blind Inc ($93.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $240k (0.3% of expenses). Other salaries and wages came to $40.8m. At year end it held assets of $35.2m against liabilities of $29.0m, net assets of $6.2m. It reported 798 employees.