Hospice Foundation of the Florida Suncoast Inc

Analysis

Hospice Foundation 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 January 1984, 42 years ago. 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 Foundation of the Florida Suncoast Inc reported income of $8.9m and spending of $8.1m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.2m to $8.9m (-3.7%), an average of -0.9% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice Foundation of the Florida Suncoast Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Childrens Rehabilitation Center Inc ($8.9m), Coastal Medical Associates Inc ($8.9m) and Anchorage Community YMCA ($8.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $56.1m against liabilities of $3.5m, net assets of $52.6m.