Hospice of Marion County Inc

Analysis

Hospice of Marion County Inc is a registered charity in United States, based in Lakewood Ranch, FL. It received its IRS tax-exemption ruling in October 1983, 43 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 2022, Hospice of Marion County Inc reported income of $38.9m and spending of $40.4m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $44.7m to $38.9m (-13%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Marion County Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Feedmore Western New York Inc ($38.8m), Idaho Youth Ranch Inc ($38.9m) and Carole Robertson Center for Learning ($38.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $865k (2.1% of expenses). Other salaries and wages came to $20.0m. At year end it held assets of $45.6m against liabilities of $4.9m, net assets of $40.7m. It reported 454 employees.