Hospice of Texarkana Inc

Analysis

Hospice of Texarkana Inc is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Hospice of Texarkana Inc reported income of $5.2m and spending of $5.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.3m to $5.2m (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hospice of Texarkana Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Association of State and Territorial Public ($5.2m), Hamot Health Foundation ($5.2m) and Care 4 U Management ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $131k (2.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $8.1m against liabilities of $2.8m, net assets of $5.3m. It reported 70 employees.