Is Mary Hitchcock Memorial Hospital Legit?…

Quick charity verification for Mary Hitchcock Memorial Hospital (EIN: 20222140)

Strengths

Consistent and substantial revenue growth over the past decade, from $987,433,259 in 201406 to $2,264,104,728 currently.
Strong financial stability demonstrated by consistent operating surpluses (e.g., $57,251,721 in 202306).
Robust asset base of $2,337,348,189, significantly exceeding liabilities, indicating strong long-term financial health.
Positive trend in net assets, growing from approximately $493 million in 2014 to nearly $1 billion in 2023.

Spending Breakdown

How Mary Hitchcock Memorial Hospital allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Mary Hitchcock Memorial Hospital

Is Mary Hitchcock Memorial Hospital a legitimate charity?

Based on AI analysis of IRS 990 filings, Mary Hitchcock Memorial Hospital (EIN: 20222140) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Mary Hitchcock Memorial Hospital a good charity to donate to?

Mary Hitchcock Memorial Hospital has a Mission Score of 85/100. Revenue: $2.3B. Assets: $2.3B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mary Hitchcock Memorial Hospital?

The Employer Identification Number (EIN) for Mary Hitchcock Memorial Hospital is 20222140. 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 Mary Hitchcock Memorial Hospital spend its money?

Mary Hitchcock Memorial Hospital allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mary Hitchcock Memorial Hospital's tax-exempt status?

You can verify Mary Hitchcock Memorial Hospital's tax-exempt status using EIN 20222140 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

Mary Hitchcock Memorial Hospital demonstrates robust financial health, with consistent revenue growth over the past decade, culminating in $2,264,104,728 in latest reported revenue and $2,337,348,189 in assets. The organization consistently operates with a surplus, as seen in the 202306 period where revenue of $1,980,420,213 exceeded expenses of $1,923,168,492. This indicates effective financial management and a strong capacity to sustain its operations.

While specific breakdowns for program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the consistent operational surpluses suggest efficient use of funds. The hospital's substantial asset base and manageable liabilities, with assets nearly double liabilities in the latest filing period ($2,230,963,269 vs. $1,231,464,540 in 202306), further underscore its financial stability. The absence of reported officer compensation in the provided data points to a potential area for further transparency, as it's unusual for an organization of this size to report zero compensation for all officers, or it may indicate that compensation is reported under a different category not detailed here.

Overall, Mary Hitchcock Memorial Hospital appears to be a financially sound and growing institution. Its consistent revenue generation and asset accumulation, alongside a history of operating surpluses, indicate a well-managed organization capable of fulfilling its mission. Further detail on expense allocation would enhance the assessment of spending efficiency and program focus.

Is Mary Hitchcock Memorial Hospital Legit?

Verdict: Mary Hitchcock Memorial Hospital appears trustworthy

Red Flags