Gulfside Hospice Inc

Analysis

Gulfside Hospice Inc is a registered charity in United States, based in Land O Lakes, FL. It received its IRS tax-exemption ruling in January 1989, 37 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 June 2023, Gulfside Hospice Inc reported income of $50.4m and spending of $45.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.2m to $50.4m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gulfside Hospice Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Interfaith Ministries for Greater Houston ($50.3m), Nevada H a N D Inc ($50.4m) and Robert R McCormick Foundation ($50.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.7% and program service revenue 93% of the total. At year end it held assets of $56.4m against liabilities of $6.2m, net assets of $50.2m.