Quick charity verification for Speare Memorial Hospital (EIN: 20226774)
Verdict: Speare Memorial Hospital appears trustworthy
75/100Mission Score
$83.7MRevenue
$89.0MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and may indicate incomplete disclosure or categorization issues.
Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided summary data, limiting granular spending efficiency analysis.
Strengths
Consistent positive operating margins, with revenues generally exceeding expenses (e.g., $78,762,729 revenue vs. $77,186,933 expenses in 202306).
Strong and growing asset base, reaching $91,200,273 in 202306, providing financial stability.
Significant revenue growth over the past decade, demonstrating increasing capacity and impact.
Spending Breakdown
How Speare 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
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 Speare Memorial Hospital
Is Speare Memorial Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Speare Memorial Hospital (EIN: 20226774) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Speare Memorial Hospital a good charity to donate to?
Speare Memorial Hospital has a Mission Score of 75/100. Revenue: $83.7M. Assets: $89.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Speare Memorial Hospital?
The Employer Identification Number (EIN) for Speare Memorial Hospital is 20226774. 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 Speare Memorial Hospital spend its money?
Speare Memorial Hospital allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Speare Memorial Hospital's tax-exempt status?
You can verify Speare Memorial Hospital's tax-exempt status using EIN 20226774 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
Speare Memorial Hospital demonstrates consistent financial operations, with revenues generally exceeding expenses over the past decade. For instance, in the 202306 period, the organization reported revenues of $78,762,729 against expenses of $77,186,933, indicating a positive operating margin. The hospital maintains substantial assets, reported at $91,200,273 in 202306, which provides a solid financial foundation. However, a notable aspect is the consistent reporting of 0% for officer compensation across all available filings, which is unusual for an organization of this size and could indicate that executive compensation is reported under other expense categories or that the 990 data provided is incomplete regarding this specific detail. This lack of explicit executive compensation data impacts transparency.
The organization's financial health appears stable, with a trend of increasing revenue over the long term, from $45,298,386 in 201506 to $78,762,729 in 202306. While specific program spending ratios are not directly provided in the summary data, the consistent positive operating margins suggest efficient management of resources relative to its mission as a hospital. The significant asset base relative to liabilities (e.g., $91,200,273 assets vs. $27,342,761 liabilities in 202306) indicates a healthy balance sheet. The absence of detailed spending breakdowns for programs, administration, and fundraising in the provided data limits a precise assessment of spending efficiency in those specific areas.