The Hospice Foundation of Martin & St Lucie Inc

Analysis

The Hospice Foundation of Martin & St Lucie Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in March 1989, 37 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 September 2023, The Hospice Foundation of Martin & St Lucie Inc reported income of $5.8m and spending of $6.2m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $11.5m to $5.8m (-50%), an average of -16% a year. The sharpest change came in the year to September 2020, when income dropped by 55%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Hospice Foundation of Martin & St Lucie Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Bridges BTC Inc ($5.8m), Sun Valley Ski Education Foundation Inc ($5.8m) and Universities Research Association Inc ($5.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 13% of the total. At year end it held assets of $36.2m against liabilities of $1.4m, net assets of $34.8m.