Quick charity verification for Glen Cove Hospital (EIN: 111633487)
Verdict: Glen Cove Hospital appears trustworthy
70/100Mission Score
$356.6MRevenue
$216.3MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and suggests a lack of direct transparency in executive pay within these summary filings.
Frequent operational deficits (e.g., $6,150,779 in 2023, $12,946,577 in 2019) indicate that expenses often exceed revenues, which could be a long-term concern if not managed by a larger system.
Strengths
Strong and consistent revenue growth over the past decade, indicating increasing operational scale and community service.
Maintains a substantial asset base (over $160 million in 2023), providing financial stability.
Operates near break-even, suggesting that most funds are directly applied to its mission rather than accumulating large surpluses.
Spending Breakdown
How Glen Cove Hospital allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Glen Cove Hospital
Is Glen Cove Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Glen Cove Hospital (EIN: 111633487) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Glen Cove Hospital a good charity to donate to?
Glen Cove Hospital has a Mission Score of 70/100. Revenue: $356.6M. Assets: $216.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Glen Cove Hospital?
The Employer Identification Number (EIN) for Glen Cove Hospital is 111633487. 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 Glen Cove Hospital spend its money?
Glen Cove Hospital allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Glen Cove Hospital's tax-exempt status?
You can verify Glen Cove Hospital's tax-exempt status using EIN 111633487 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
Glen Cove Hospital demonstrates consistent operational growth in revenue and expenses over the past decade, with revenue increasing from $130 million in 2014 to nearly $240 million in 2023. The organization generally operates with a slight deficit or near break-even, as seen in 2023 where expenses ($245,919,772) exceeded revenue ($239,768,993). This indicates a focus on service delivery rather than accumulating significant surpluses. The hospital's asset base has also grown, from $175 million in 2014 to $163 million in 2023, though there was a dip in 2023 compared to earlier years.
Spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent near break-even operations suggest that most funds are being expended on the organization's mission. The absence of reported officer compensation in the provided data for all periods is unusual for an organization of this size and could indicate that executive compensation is reported under a different entity or not disclosed in this summary, which impacts transparency. Further investigation into the full 990 forms would be necessary to understand the complete financial picture and executive remuneration practices.