Hospice of Okeechobee Inc

Analysis

Hospice of Okeechobee Inc is a registered charity in United States, based in Temple Terr, FL. It received its IRS tax-exemption ruling in December 1987, 39 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 December 2023, Hospice of Okeechobee Inc reported income of $3.5m and spending of $5.6m, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $661k to $3.5m (+426%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 178% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Okeechobee Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Community Living Arrangement Inc ($3.5m), All Peoples Community Center ($3.5m) and Creative Supports Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $193k (3.5% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $1.4m against liabilities of $822k, net assets of $567k. It reported 81 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.