Consistent 0% officer compensation reported on 990s, which may obscure actual executive compensation if paid by a related entity.
Strengths
Consistent generation of significant financial surpluses, indicating strong financial management (e.g., $23.1M revenue vs. $18.15M expenses in 202212).
Strong and consistent asset growth over the past decade, from $16.18M in 2014 to $50.18M in 2023.
Low liabilities relative to assets, demonstrating financial stability and low debt burden.
Apparent operational efficiency, with expenses consistently well below revenue.
Spending Breakdown
How Sparrow Specialty 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
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 Sparrow Specialty Hospital
Is Sparrow Specialty Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Sparrow Specialty Hospital (EIN: 141885340) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Sparrow Specialty Hospital a good charity to donate to?
Sparrow Specialty Hospital has a Mission Score of 88/100. Revenue: $20.9M. Assets: $55.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sparrow Specialty Hospital?
The Employer Identification Number (EIN) for Sparrow Specialty Hospital is 141885340. 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 Sparrow Specialty Hospital spend its money?
Sparrow Specialty Hospital allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sparrow Specialty Hospital's tax-exempt status?
You can verify Sparrow Specialty Hospital's tax-exempt status using EIN 141885340 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
Sparrow Specialty Hospital demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, the organization has shown a steady increase in assets, from $16.18 million in 2014 to $50.18 million in the most recent filing (202306), indicating strong asset accumulation. Revenue has also generally trended upwards, with the latest full fiscal year (202212) reporting over $23 million in revenue against $18.15 million in expenses, resulting in a significant surplus.
The organization's spending efficiency is commendable, with expenses consistently lower than revenue, allowing for asset growth. The absence of reported officer compensation across all available filings suggests that executive leadership may be compensated through a related entity or that the roles are voluntary, which could be a positive indicator for donor confidence, though further clarification would enhance transparency. The NTEE code E24 indicates a focus on specialty hospitals, aligning with its name.
Overall, Sparrow Specialty Hospital exhibits sound financial management with a clear capacity to generate surpluses and grow its asset base. The consistent lack of reported officer compensation on the 990s is a notable point for transparency, suggesting either a highly efficient compensation structure or a need for more detailed disclosure if compensation is routed differently. The organization's financial health appears robust, supporting its mission.