Is Hospice Volunteers Of Somerset County Inc Legit?

Quick charity verification for Hospice Volunteers Of Somerset County Inc (EIN: 10465864)

Verdict: Hospice Volunteers Of Somerset County Inc appears trustworthy

90/100Mission Score
$132KRevenue
$383KAssets
0Red Flags
4Strengths

No red flags identified.

Strengths

Spending Breakdown

How Hospice Volunteers Of Somerset County Inc 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 Volunteers Of Somerset County Inc

Is Hospice Volunteers Of Somerset County Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Hospice Volunteers Of Somerset County Inc (EIN: 10465864) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.

Is Hospice Volunteers Of Somerset County Inc a good charity to donate to?

Hospice Volunteers Of Somerset County Inc has a Mission Score of 90/100. Revenue: $132K. Assets: $383K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hospice Volunteers Of Somerset County Inc?

The Employer Identification Number (EIN) for Hospice Volunteers Of Somerset County Inc is 10465864. 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 Volunteers Of Somerset County Inc spend its money?

Hospice Volunteers Of Somerset County Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hospice Volunteers Of Somerset County Inc's tax-exempt status?

You can verify Hospice Volunteers Of Somerset County Inc's tax-exempt status using EIN 10465864 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 Volunteers Of Somerset County Inc demonstrates a generally stable financial position, with assets consistently exceeding liabilities across most recent periods. For example, in 2023, the organization reported $353,229 in assets with $0 liabilities, indicating strong financial solvency. Revenue has fluctuated, with a notable increase to $208,264 in 2023 from $112,331 in 2022, suggesting a positive trend in fundraising or support. Expenses have remained relatively consistent, hovering around $100,000-$120,000 annually, which is manageable given their revenue streams. The organization appears to be efficient in its spending, as evidenced by the consistent absence of officer compensation reported across all available filings. This suggests that resources are likely directed towards program services rather than executive salaries. While specific program spending percentages are not detailed in the provided data, the lack of officer compensation is a positive indicator of resource allocation. The organization's transparency is high regarding executive compensation, as it consistently reports 0% for officer compensation. Overall, Hospice Volunteers Of Somerset County Inc appears to be a financially sound and responsibly managed nonprofit. Their ability to maintain a healthy asset base, manage expenses, and operate without executive compensation points to a strong commitment to their mission. The significant increase in revenue in 2023, coupled with stable expenses, positions them well for continued service delivery.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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