Quick charity verification for Ira Davenport Memorial Hospital Inc (EIN: 160835446)
Verdict: Ira Davenport Memorial Hospital Inc shows mixed signals
55/100Mission Score
$23.6MRevenue
$22.2MAssets
4Red Flags
2Strengths
Red Flags
Persistent operational deficits (e.g., $8.1M in 2023, $7M in 2022)
Significant increase in liabilities from $8.5M in 2021 to $19.2M in 2023
Declining asset base in recent years (from $20.1M in 2021 to $15.7M in 2023)
Consistent reporting of 0% officer compensation, raising transparency concerns
Strengths
Provides essential healthcare services (NTEE Code E220 - General Hospitals)
Long operational history with 13 filings, indicating sustained presence
Spending Breakdown
How Ira Davenport Memorial Hospital 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 Ira Davenport Memorial Hospital Inc
Is Ira Davenport Memorial Hospital Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ira Davenport Memorial Hospital Inc (EIN: 160835446) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
Is Ira Davenport Memorial Hospital Inc a good charity to donate to?
Ira Davenport Memorial Hospital Inc has a Mission Score of 55/100. Revenue: $23.6M. Assets: $22.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ira Davenport Memorial Hospital Inc?
The Employer Identification Number (EIN) for Ira Davenport Memorial Hospital Inc is 160835446. 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 Ira Davenport Memorial Hospital Inc spend its money?
Ira Davenport Memorial Hospital Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ira Davenport Memorial Hospital Inc's tax-exempt status?
You can verify Ira Davenport Memorial Hospital Inc's tax-exempt status using EIN 160835446 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
Ira Davenport Memorial Hospital Inc. has consistently operated with expenses exceeding revenue in most of the past ten years, indicating ongoing financial challenges. For instance, in 2023, expenses were $30,475,950 against revenues of $22,357,523, resulting in a significant deficit. This trend suggests a reliance on reserves or other funding sources to cover operational costs, which is reflected in the fluctuating asset base and increasing liabilities in recent years. The organization's liabilities have notably increased from $8,532,059 in 2021 to $19,249,644 in 2023, raising concerns about its long-term financial stability.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent operational deficits suggest that current revenue streams are insufficient to cover the organization's overall spending. The reported 0% officer compensation across all filings indicates a potential lack of transparency or that executive compensation is reported under other categories, which could obscure a complete picture of administrative costs. This lack of explicit executive compensation reporting is a notable point for transparency.
Overall, while the organization provides essential healthcare services, its financial health appears strained due to persistent deficits and growing liabilities. Improved financial management or increased revenue generation would be crucial for sustainable operations. The absence of reported officer compensation warrants further investigation to ensure full transparency regarding leadership remuneration.