Hospice Care Team Inc

Analysis

Hospice Care Team Inc is a registered charity in United States, based in Texas City, TX. It received its IRS tax-exemption ruling in August 1981, 45 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 December 2023, Hospice Care Team Inc reported income of $10.4m and spending of $9.0m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.2m to $10.4m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice Care Team Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include New Beginnings Inc ($10.3m), Evergreen Presbyterian Ministries of Texas Inc ($10.4m) and Freshfarm Markets Inc ($10.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $8.4m against liabilities of $2.2m, net assets of $6.2m. It reported 96 employees.