Hospice Cleveland County Foundation

Analysis

Hospice Cleveland County Foundation is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Cleveland County Foundation reported income of $428k and spending of $1.3m, spending 294% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $70k to $428k (+514%), an average of +83% a year. The sharpest change came in the year to December 2021, when income rose by 828%. Over the whole period it spent 229% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hospice Cleveland County Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include North Park Education Fund ($428k), Marshall Christensen Foundation for International Higher Education ($428k) and Keane Group Foundation ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% of the total. Compensation of current officers, directors and key employees was $102k (8.1% of expenses). At year end it held assets of $25.1m against liabilities of $500, net assets of $25.1m. It reported 1 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.