Morselife Hospice Institute Inc

Analysis

Morselife Hospice Institute Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 2014, 12 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 May 2023, Morselife Hospice Institute Inc reported income of $4.2m and spending of $5.0m, spending 118% of what it took in. The sharpest change came in the year to May 2021, when income rose by 422%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Morselife Hospice Institute Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Share Cancer Support Inc ($4.2m), Man Alive Inc ($4.2m) and Community Hospital Foundtion Inc ($4.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $4.3m against liabilities of $9.5m, net assets of -$5.2m. It reported 37 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.