Hospice of East Texas

Analysis

Hospice of East Texas is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in April 1983, 43 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 East Texas reported income of $22.9m and spending of $22.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.4m to $22.9m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of East Texas sits at the 98th percentile: it is larger than about 98% 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 Capital Region Geriatric Center Inc ($22.9m), Jasper County Sheltered Facilities Association ($22.9m) and Mel Trotter Ministries ($22.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $486k (2.2% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $28.2m against liabilities of $1.9m, net assets of $26.2m. It reported 250 employees.