Hospice of the Emerald Coast Inc

Analysis

Hospice of the Emerald Coast Inc is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Hospice of the Emerald Coast Inc reported income of $60.1m and spending of $46.2m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $45.4m to $60.1m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of the Emerald Coast 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 NC. Charities of a similar size with the same main cause include Palmetto Goodwill ($60.1m), Community Action Organization ($60.1m) and Concordia Lutheran Health and Human Care ($60.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $6,000 (0.0% of expenses). Other salaries and wages came to $19.4m. At year end it held assets of $68.6m against liabilities of $8.5m, net assets of $60.2m. It reported 386 employees.