Houston Hospice

Analysis

Houston Hospice is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1981, 45 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, Houston Hospice reported income of $17.8m and spending of $20.2m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $18.5m to $17.8m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Houston Hospice sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Learning Grove Inc ($17.8m), Lutheran Home-Hickory Inc ($17.8m) and Brookline Community Mental Health Center Inc ($17.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $1.1m (5.4% of expenses). Other salaries and wages came to $10.3m. It paid $61k in professional fundraising fees. At year end it held assets of $15.5m against liabilities of $2.2m, net assets of $13.4m. It reported 221 employees.