Hospice of San Luis Obispo County

Analysis

Hospice of San Luis Obispo County is a registered charity in United States, based in San Luis Obispo, CA. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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 June 2023, Hospice of San Luis Obispo County reported income of $617k and spending of $629k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $568k to $617k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospice of San Luis Obispo County 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 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Lutheran Bible Camp Inc ($617k), Lincoln Midget Football League Inc ($617k) and Penn-North Plaza Inc ($616k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $81k (13% of expenses). Other salaries and wages came to $353k. At year end it held assets of $1.5m against liabilities of $14k, net assets of $1.5m. It reported 15 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.