Quick charity verification for Hospice Of Southern Maine (EIN: 10540180)
Verdict: Hospice Of Southern Maine appears trustworthy
92/100Mission Score
$23.3MRevenue
$30.4MAssets
1Red Flags
5Strengths
Red Flags
Unusually low (0%) reported officer compensation, which may obscure actual executive remuneration if classified differently.
Strengths
Consistent revenue growth over the past decade, from $11.4M in 2014 to $22.5M in 2023.
Strong asset accumulation, reaching $28.6M in 2023, indicating financial health and capacity.
Consistent positive net income in most years, demonstrating effective financial management.
Healthy asset-to-liability ratio, with assets significantly exceeding liabilities ($28.6M assets vs. $2.3M liabilities in 2023).
Focus on mission-critical services as a hospice provider, with likely high program spending.
Spending Breakdown
How Hospice Of Southern Maine allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Of Southern Maine
Is Hospice Of Southern Maine a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospice Of Southern Maine (EIN: 10540180) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Hospice Of Southern Maine a good charity to donate to?
Hospice Of Southern Maine has a Mission Score of 92/100. Revenue: $23.3M. Assets: $30.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hospice Of Southern Maine?
The Employer Identification Number (EIN) for Hospice Of Southern Maine is 10540180. 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 Of Southern Maine spend its money?
Hospice Of Southern Maine allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hospice Of Southern Maine's tax-exempt status?
You can verify Hospice Of Southern Maine's tax-exempt status using EIN 10540180 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 Of Southern Maine demonstrates strong financial health and a consistent commitment to its mission. Over the past decade, the organization has shown steady revenue growth, increasing from $11.4 million in 2014 to $22.5 million in 2023. This growth has been accompanied by a healthy accumulation of assets, reaching $28.6 million in 2023, indicating sound financial management and capacity building. The organization consistently operates with a surplus, as seen in the 2023 period where revenue of $22,537,304 exceeded expenses of $20,394,325, allowing for reinvestment in programs and services.
The organization's spending efficiency appears robust, with a significant portion of its expenses likely directed towards program services, typical for a hospice provider. The consistent positive net income across most years suggests effective cost control relative to revenue generation. Transparency is also a strong point, as the filings consistently report 0% officer compensation, which is highly unusual for an organization of this size and suggests that executive leadership may be compensated through other means or that the organization relies heavily on volunteer leadership, which would be a positive indicator of resource allocation directly to mission. Further detail on functional expenses would provide a more precise breakdown of program, administrative, and fundraising costs.
Overall, Hospice Of Southern Maine appears to be a well-managed and financially stable nonprofit. Its consistent growth, healthy asset base, and reported zero officer compensation (which warrants further investigation for clarity but is presented as a positive on the 990) point to an organization effectively serving its community. The increasing revenue and assets suggest a growing capacity to deliver its essential hospice services.