Is Hospice Of The North Country Inc Legit?

Hospice Of The North Country Inc demonstrates a generally healthy financial position with consistent revenue streams and a strong asset base. In the most recent filing (202312), the organization reported revenue of $4,179,307 against expenses of $2,271,849, indicating a significant surplus for the period. This trend of revenue exceeding expenses is largely consistent across recent years, contributing to a substantial growth in assets from $2,873,179 in 2015 to $7,279,599 in 2023. The organization's liabilities remain relatively low compared to its assets, suggesting good financial management and solvency. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall expense ratio to revenue appears favorable, particularly in 2023. The consistent growth in assets over the past decade, coupled with positive net income in most years, points to a financially stable and growing organization. The absence of reported officer compensation in all provided filings is a notable aspect of its financial structure, potentially indicating a volunteer-led executive team or compensation structured differently, which could contribute to lower administrative overhead. To fully assess spending efficiency, a detailed breakdown of expenses would be necessary. However, the available data suggests a well-managed organization that is effectively growing its financial resources. The consistent filing of IRS 990s over 13 periods indicates a commitment to transparency, providing public access to their financial information.