Home Hospice of Grayson County

Analysis

Home Hospice of Grayson County is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in May 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Home Hospice of Grayson County reported income of $6.1m and spending of $4.6m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $6.1m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Home Hospice of Grayson County sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Whiteside Manor ($6.1m), Pickens County Commission on Alcohol and Drug Abuse ($6.1m) and St Louis Crisis Nursery ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 71% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $8.0m against liabilities of $505k, net assets of $7.5m. It reported 38 employees.