Hospice of Marshall County Inc

Analysis

Hospice of Marshall County Inc is a registered charity in United States, based in Albertville, AL. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 Marshall County Inc reported income of $9.8m and spending of $8.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.3m to $9.8m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Marshall County Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Rimrock Foundation ($9.8m), March Inc of Manchester C/O Robert F Gorman ($9.8m) and National League for Nursing Inc ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $4.3m (48% of expenses). At year end it held assets of $8.1m against liabilities of $3.6m, net assets of $4.6m. It reported 134 employees.