Is Olean General Hospital Foundation Legit?

Quick charity verification for Olean General Hospital Foundation (EIN: 161497087)

Verdict: Olean General Hospital Foundation appears trustworthy

85/100Mission Score
$15.2MRevenue
$45.8MAssets
1Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

The Olean General Hospital Foundation demonstrates a generally stable financial position, with assets consistently in the tens of millions, reaching $45,810,107 in the latest available data. Revenue has fluctuated significantly over the past decade, from a low of $895,786 in 2016 to a high of $10,225,625 in 2020, indicating reliance on varying funding streams or large one-time contributions. The organization's expenses have generally been lower than revenue in most years, contributing to asset growth, though recent years (2022 and 2023) show expenses exceeding revenue, suggesting a draw on reserves or a temporary operational deficit. The consistent reporting of 0% officer compensation across all filings indicates strong financial transparency regarding executive pay, as it suggests either no paid officers or that compensation is covered by the hospital itself, not the foundation directly.

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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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