Hospice of Lubbock Inc

Analysis

Hospice of Lubbock Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in February 1987, 39 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 Lubbock Inc reported income of $14.1m and spending of $13.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.1m to $14.1m (+28%), an average of +6.3% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hospice of Lubbock Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Shelter Box USA ($14.1m), Childrens Hunger Alliance ($14.1m) and The Childrens Place at Home Safe Inc ($14.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $26.6m against liabilities of $1.7m, net assets of $24.8m. It reported 78 employees.