Hospice Foundation of Palm Beach County Inc

Analysis

Hospice Foundation of Palm Beach County Inc is a registered charity in United States, based in Palm Beach, FL. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Hospice Foundation of Palm Beach County Inc reported income of $1.0m and spending of $899k, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.0m to $1.0m (-50%), an average of -16% a year. The sharpest change came in the year to September 2021, when income rose by 262%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice Foundation of Palm Beach County Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Harbor House Foundation Inc ($1.0m), Lake Shore Child Care Center Inc ($1.0m) and Eppson Center for Seniors Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $78k. At year end it held assets of $26.2m against liabilities of $562k, net assets of $25.6m. It reported 1 employees.