Quick charity verification for Canton Potsdam Hospital Foundation Inc (EIN: 161279472)
Verdict: Canton Potsdam Hospital Foundation Inc appears trustworthy
90/100Mission Score
$13.6MRevenue
$36.0MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth: Assets increased from $22.8 million in 2015 to $34.2 million in 2023, demonstrating strong financial management.
Strong revenue generation: Revenues consistently exceed expenses, for example, $2,552,931 revenue vs. $867,564 expenses in 2023, leading to healthy surpluses.
No reported officer compensation: The 0% officer compensation across all filings suggests efficient use of funds or centralized executive management by the parent hospital.
Low liabilities relative to assets: Liabilities have remained relatively stable and low compared to the significant asset base, indicating good financial stability.
Clear mission focus: As a hospital foundation (NTEE E112), its purpose is clearly defined as supporting healthcare services.
Spending Breakdown
How Canton Potsdam Hospital Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Canton Potsdam Hospital Foundation Inc
Is Canton Potsdam Hospital Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Canton Potsdam Hospital Foundation Inc (EIN: 161279472) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Canton Potsdam Hospital Foundation Inc a good charity to donate to?
Canton Potsdam Hospital Foundation Inc has a Mission Score of 90/100. Revenue: $13.6M. Assets: $36.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Canton Potsdam Hospital Foundation Inc?
The Employer Identification Number (EIN) for Canton Potsdam Hospital Foundation Inc is 161279472. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Canton Potsdam Hospital Foundation Inc spend its money?
Canton Potsdam Hospital Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Canton Potsdam Hospital Foundation Inc's tax-exempt status?
You can verify Canton Potsdam Hospital Foundation Inc's tax-exempt status using EIN 161279472 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Canton Potsdam Hospital Foundation Inc demonstrates consistent financial health, with assets steadily growing from $22.8 million in 2015 to over $34.2 million in 2023. The organization consistently reports significantly higher revenues than expenses, indicating strong fundraising and investment performance. For instance, in 2023, revenue was $2,552,931 against expenses of $867,564, resulting in a substantial surplus. This surplus contributes to the growth of its asset base, which is crucial for long-term sustainability and supporting its mission. The foundation's primary role appears to be fundraising and asset management to support Canton Potsdam Hospital, as evidenced by its NTEE code (E112 - Hospital Foundations). The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is handled by the parent hospital, not directly by the foundation.