Is Hospital Clinic Home Center Legit?

Quick charity verification for Hospital Clinic Home Center (EIN: 112629532)

Verdict: Hospital Clinic Home Center appears trustworthy

75/100Mission Score
$2.4MRevenue
$2.9MAssets
2Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Hospital Clinic Home Center demonstrates a fluctuating but generally positive financial trajectory, with significant revenue growth in its latest filing period (202306) to $4,541,925 from $2,476,633 in 202206. The organization has consistently reported 0% officer compensation across all available filings, which is a strong indicator of efficient use of funds for its mission rather than executive salaries. However, the consistent reporting of Assets equaling Liabilities in several prior years (e.g., 2014-2021) raises questions about the accuracy or completeness of those financial statements, as it suggests no net assets, which is unusual for an operating nonprofit. The substantial increase in net assets in 202306 to $1,621,401 ($1,905,488 Assets - $284,087 Liabilities) is a positive development, indicating improved financial health and sustainability. The organization's spending efficiency appears reasonable given the revenue growth, with expenses at $2,763,929 against $4,541,925 in revenue for 202306, allowing for a healthy surplus.

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Disclaimer

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

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