Lakeside Hospice Inc

Analysis

Lakeside Hospice Inc is a registered charity in United States, based in Pell City, AL. It received its IRS tax-exemption ruling in August 1991, 35 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 June 2023, Lakeside Hospice Inc reported income of $2.6m and spending of $2.3m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $2.6m (+4.0%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakeside Hospice Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within AL. Charities of a similar size with the same main cause include Racine County Economic Development Corporation ($2.6m), Success in Recovery ($2.6m) and Masterkey Ministries of Grayson County ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 89% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.7m against liabilities of $116k, net assets of $1.6m. It reported 38 employees.