Hospice by the Sea Inc

Analysis

Hospice by the Sea Inc is a registered charity in United States, based in Lakewood Ranch, FL. It received its IRS tax-exemption ruling in September 1981, 45 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 by the Sea Inc reported income of $51.6m and spending of $51.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $49.3m to $51.6m (+4.7%), an average of +1.1% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice by the Sea Inc sits at the 99th 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 Metropolitan Washington Council of Governments ($51.5m), Network Recovery Services Inc ($51.7m) and University Settlement Society of New York ($51.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Other salaries and wages came to $30.3m. At year end it held assets of $25.8m against liabilities of $2.4m, net assets of $23.4m. It reported 252 employees.