Hospice of Midland Incorporated

Analysis

Hospice of Midland Incorporated is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in May 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 April 2023, Hospice of Midland Incorporated reported income of $7.7m and spending of $7.6m, spending 99% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $5.8m to $7.7m (+32%), an average of +7.1% a year. The sharpest change came in the year to April 2022, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of Midland Incorporated 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 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include American Academy of Hospice & Palliative Medicine Inc ($7.7m), National Veterans Legal Services Program Inc ($7.7m) and State Leadership Project ($7.7m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $282k (3.7% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $7.8m against liabilities of $2.6m, net assets of $5.2m. It reported 87 employees.