Quick charity verification for Cottage Hospital (EIN: 20223321)
Verdict: Cottage Hospital appears trustworthy
80/100Mission Score
$44.2MRevenue
$37.8MAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits in the last two reporting periods (2022 and 2023)
Unusually low (0%) reported officer compensation for an organization of this size, requiring further investigation into executive pay structures.
Strengths
Consistent revenue generation over a decade, growing from $30.5M in 2014 to $41.4M in 2023.
Strong and growing asset base, increasing from $28.8M in 2014 to $37.3M in 2023.
Long history of IRS 990 filings (13 filings), indicating regulatory compliance and transparency.
Generally stable financial health with revenues largely covering expenses over the long term.
Spending Breakdown
How Cottage Hospital 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 Cottage Hospital
Is Cottage Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Cottage Hospital (EIN: 20223321) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Cottage Hospital a good charity to donate to?
Cottage Hospital has a Mission Score of 80/100. Revenue: $44.2M. Assets: $37.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cottage Hospital?
The Employer Identification Number (EIN) for Cottage Hospital is 20223321. 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 Cottage Hospital spend its money?
Cottage Hospital allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cottage Hospital's tax-exempt status?
You can verify Cottage Hospital's tax-exempt status using EIN 20223321 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
Cottage Hospital demonstrates a consistent operational pattern, with revenues generally keeping pace with or slightly exceeding expenses over the past decade, indicating stable financial management. For instance, in 2021, revenue was $41,926,770 against expenses of $38,583,527, showing a surplus. However, the most recent two periods (2022 and 2023) show expenses slightly exceeding revenue, with 2023 reporting $41,478,609 in revenue against $42,171,933 in expenses, suggesting a slight operational deficit in the short term. The organization's assets have grown steadily from $28,826,419 in 2014 to $37,311,075 in 2023, indicating a healthy balance sheet and capacity for future operations.
The hospital's spending efficiency appears reasonable for a healthcare provider, though specific program spending ratios are not detailed in the provided data. The consistent reporting of 0% officer compensation across all filings is a notable aspect of its financial transparency, suggesting that executive compensation is either not reported in this category or is handled differently, which warrants further investigation for a complete picture of executive pay. The organization's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency.
Overall, Cottage Hospital appears to be a financially stable entity with a long history of operations. While recent periods show minor operational deficits, its strong asset base and consistent revenue generation suggest resilience. The lack of reported officer compensation in the provided data is a point of interest for deeper analysis into executive remuneration practices.