Hospice of Wichita Falls Inc

Analysis

Hospice of Wichita Falls Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in November 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, Hospice of Wichita Falls Inc reported income of $24.9m and spending of $21.7m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.5m to $24.9m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Wichita Falls Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Valley Village ($24.9m), Community Counseling and Mediation Service Inc ($24.9m) and Second Harvest Foodbank of the Mahoning Valley ($24.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $844k (3.9% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $37.0m against liabilities of $2.0m, net assets of $35.0m. It reported 303 employees.