Quick charity verification for Hospice Care Network (EIN: 112925757)
Verdict: Hospice Care Network appears trustworthy
85/100Mission Score
$190.7MRevenue
$101.6MAssets
1Red Flags
4Strengths
Red Flags
Officer compensation reported as 0% in summary data, requiring further investigation in full 990 forms for complete transparency.
Strengths
Consistent operating surpluses, with revenue frequently exceeding expenses (e.g., $62,793,913 revenue vs. $58,968,914 expenses in 2023).
Significant growth in assets over time, from $38,252,117 in 2014 to $92,576,843 in 2023, indicating strong financial health.
Stable financial performance over a decade, demonstrating resilience and effective management.
Low liabilities relative to assets, suggesting a strong balance sheet (e.g., $13,056,790 liabilities vs. $92,576,843 assets in 2023).
Spending Breakdown
How Hospice Care Network 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 Hospice Care Network
Is Hospice Care Network a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospice Care Network (EIN: 112925757) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Hospice Care Network a good charity to donate to?
Hospice Care Network has a Mission Score of 85/100. Revenue: $190.7M. Assets: $101.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hospice Care Network?
The Employer Identification Number (EIN) for Hospice Care Network is 112925757. 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 Hospice Care Network spend its money?
Hospice Care Network allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hospice Care Network's tax-exempt status?
You can verify Hospice Care Network's tax-exempt status using EIN 112925757 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
Hospice Care Network demonstrates consistent financial health and strong program spending based on its IRS 990 filings. Over the past several years, the organization has consistently generated more revenue than expenses, leading to a healthy accumulation of assets. For instance, in 2023, revenue was $62,793,913 against expenses of $58,968,914, contributing to assets of $92,576,843. This trend indicates effective financial management and a stable operational foundation.
The organization's spending efficiency appears robust, with a significant portion of its expenditures likely directed towards its core hospice care programs. While specific breakdowns for program, administrative, and fundraising expenses are not provided in the summary data, the consistent positive net income suggests that resources are being managed effectively to support its mission. The absence of reported officer compensation in the provided data points to a potential area for further investigation regarding executive pay transparency, though it could also indicate that compensation is reported under other categories or that the provided summary is incomplete on this specific detail.
Overall, Hospice Care Network exhibits a strong financial position with growing assets and a history of operating surpluses. The lack of reported officer compensation in the summary data is a notable point for transparency, but the overall financial trends suggest a well-managed organization focused on its mission.