Hospice of Martin & St Lucie Inc

Analysis

Hospice of Martin & St Lucie Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in July 1982, 44 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 Martin & St Lucie Inc reported income of $19.8m and spending of $18.3m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $14.2m to $19.8m (+40%), an average of +8.7% a year. The sharpest change came in the year to September 2020, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Martin & St Lucie Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include YMCA of Lincoln ($19.8m), Central State Community Services Oklahoma Inc ($19.8m) and YMCA of the East Valley ($19.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $6.8m against liabilities of $695k, net assets of $6.1m.