Hospice Ministries Inc

Analysis

Hospice Ministries Inc is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in February 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hospice Ministries Inc reported income of $232k and spending of $282k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $10.3m to $232k (-98%), an average of -61% a year. The sharpest change came in the year to June 2024, when income dropped by 98%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice Ministries Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within MS. Charities of a similar size with the same main cause include Chicago Chinatown Community Foundation ($232k), Cashmere Food Bank ($232k) and Grumpy Old Men Inc ($232k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.2% and program service revenue 2.2% of the total. Other salaries and wages came to $4,254. At year end it held assets of $7.0m against liabilities of $0, net assets of $7.0m.