Hospice of South Texas Inc

Analysis

Hospice of South Texas Inc is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in November 1985, 41 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, Hospice of South Texas Inc reported income of $9.9m and spending of $10.7m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.1m to $9.9m (-1.6%), an average of -0.4% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of South Texas Inc sits at the 95th percentile: it is larger than about 95% 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 Lutheran Home-Albemarle Inc ($9.9m), International Health Share ($9.9m) and Christian School Association of Greater Harrisburg ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 93% of the total. Other salaries and wages came to $6.6m. At year end it held assets of $12.6m against liabilities of $628k, net assets of $12.0m. It reported 122 employees.