Cypress Basin Hospice Inc

Analysis

Cypress Basin Hospice Inc is a registered charity in United States, based in Mt Pleasant, TX. It received its IRS tax-exemption ruling in December 1986, 40 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, Cypress Basin Hospice Inc reported income of $3.1m and spending of $3.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.1m (+13%), an average of +3.2% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cypress Basin Hospice Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include SCCCC Rebuilding Lives Inc ($3.1m), Lewis County Opportunities Inc ($3.1m) and Fiscal Assistance Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $118k (3.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.9m against liabilities of $408k, net assets of $2.5m. It reported 42 employees.