Hospice Partners Inc

Analysis

Hospice Partners Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1999, 27 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 June 2023, Hospice Partners Inc reported income of $12.5m and spending of $10.4m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $12.5m (+64%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hospice Partners Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include STL Care Company ($12.5m), Jacobs Institute Inc ($12.5m) and Behavioral Care Solutions for Adults and Seniors Inc ($12.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $9.5m against liabilities of $893k, net assets of $8.6m. It reported 83 employees.