Hope Hospice

Analysis

Hope Hospice is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in June 1984, 42 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, Hope Hospice reported income of $18.5m and spending of $15.7m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.1m to $18.5m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Hospice sits at the 97th percentile: it is larger than about 96% 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 Buckeye Community Services Incorporated ($18.5m), Martins Run ($18.5m) and Michigan Community Services Inc ($18.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $493k (3.1% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $17.2m against liabilities of $2.2m, net assets of $15.0m. It reported 163 employees.