Hospice East Inc

Analysis

Hospice East Inc is a registered charity in United States, based in Winchester, KY. It received its IRS tax-exemption ruling in September 1988, 38 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 East Inc reported income of $3.9m and spending of $3.8m, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.6m to $3.9m (+7.7%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice East Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include NJ Coalition to End Homelessness - a New Jersey Nonprofit Corporation ($3.9m), Eastco Diversified Services ($3.9m) and South Central Adult Services ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $476k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $8.8m against liabilities of $405k, net assets of $8.4m. It reported 29 employees.