Center For Hope Hospice Inc
Center For Hope Hospice: Consistent Revenue, High Program Spending
EIN: 222444824 · Scotch Plains, NJ · NTEE: P74Z · Updated: 2026-04-04
About Center For Hope Hospice Inc
Center For Hope Hospice Inc (EIN: 222444824) is a nonprofit organization based in Scotch Plains, NJ, classified under NTEE code P74Z. The organization reported total revenue of $14.0M and total assets of $12.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Hope Hospice Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Center For Hope Hospice Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Center For Hope Hospice Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Without specific executive compensation figures from the filings, a detailed assessment is not possible. However, the overall financial health suggests capacity for competitive compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Center For Hope Hospice Inc:
- Consistent revenue generation over several years, with 2024 revenue at $14,118,237.
- Strong asset base, with $13,559,713 in assets as of 2024.
- Low liabilities relative to assets, indicating financial stability.
Frequently Asked Questions about Center For Hope Hospice Inc
What does Center For Hope Hospice Inc do?
Center For Hope Hospice Inc is a nonprofit organization in the Human Services sector, located in Scotch Plains, New Jersey. It is classified under NTEE code P74Z.
How much revenue does Center For Hope Hospice Inc have?
Center For Hope Hospice Inc reported total revenue of $14,046,644. Based on 13 IRS 990 filings on record.
What are Center For Hope Hospice Inc's total assets?
Center For Hope Hospice Inc holds total assets of $12,817,454 as reported in IRS 990 filings.
Where is Center For Hope Hospice Inc located?
Center For Hope Hospice Inc is based in Scotch Plains, New Jersey.
What is Center For Hope Hospice Inc's EIN?
Center For Hope Hospice Inc's Employer Identification Number (EIN) is 222444824. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Center For Hope Hospice Inc?
Center For Hope Hospice Inc is classified under NTEE code P74Z (Human Services).
Is Center For Hope Hospice Inc a registered 501(c)(3)?
Yes, Center For Hope Hospice Inc is recognized as a tax-exempt organization by the IRS. EIN: 222444824.
Does Center For Hope Hospice Inc file IRS Form 990?
Yes, Center For Hope Hospice Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202402.
What was Center For Hope Hospice Inc's revenue in 2024?
In the 202402 filing period, Center For Hope Hospice Inc reported total revenue of $14,118,237, total expenses of $15,671,200, and net assets of $13,559,713.
Is Center For Hope Hospice Inc's revenue growing or declining?
Center For Hope Hospice Inc's revenue is relatively stable. Revenue went from $13,476,617 (202302) to $14,118,237 (202402), a +4.8% change. Based on 13 filings on record.
What is Center For Hope Hospice Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Center For Hope Hospice Inc covers tax period 202402. It shows revenue of $14,118,237, expenses of $15,671,200, total assets of $13,559,713, and liabilities of $4,742,011.
How much does Center For Hope Hospice Inc spend on programs vs administration?
Based on IRS 990 analysis, Center For Hope Hospice Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Center For Hope Hospice Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Center For Hope Hospice Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Center For Hope Hospice Inc's strengths?
Positive indicators for Center For Hope Hospice Inc include: Consistent revenue generation over several years, with 2024 revenue at $14,118,237.. Strong asset base, with $13,559,713 in assets as of 2024.. Low liabilities relative to assets, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Center For Hope Hospice Inc compensate executives?
Without specific executive compensation figures from the filings, a detailed assessment is not possible. However, the overall financial health suggests capacity for competitive compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Center For Hope Hospice Inc?
• The organization consistently files its Form 990s, providing a good historical record. • Financial data is readily available through public filings, indicating a commitment to transparency. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has the organization managed to maintain a relatively stable revenue stream despite fluctuations in the broader economic environment?
The consistent revenue, hovering around $11-14 million annually, suggests a stable donor base or effective service delivery model that is resilient to external economic shifts.
What factors contribute to the significant year-over-year changes in total assets, such as the drop from $16,795,441 in 2022 to $13,559,713 in 2024?
The fluctuation in assets could be due to various factors including capital expenditures, investment performance, or changes in cash reserves. A deeper dive into the balance sheet would be needed to pinpoint the exact causes.
Filing History
IRS 990 filing history for Center For Hope Hospice Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Center For Hope Hospice Inc's revenue has grown by 53.5%, moving from $9.2M to $14.1M. Total assets decreased by 4.5% over the same period, from $14.2M to $13.6M. Total functional expenses rose by 65%, from $9.5M to $15.7M. In its most recent filing year (2024), Center For Hope Hospice Inc reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $4.7M in liabilities against $13.6M in assets (debt-to-asset ratio: 35.0%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $14.1M | $15.7M | $13.6M | $4.7M | — | View 990 |
| 2023 | $13.5M | $15.1M | $15.4M | $5.0M | — | View 990 |
| 2022 | $14.4M | $12.9M | $16.8M | $4.8M | — | View 990 |
| 2021 | $11.4M | $11.4M | $15.9M | $5.4M | — | View 990 |
| 2020 | $11.5M | $11.3M | $14.9M | $4.4M | — | View 990 |
| 2019 | $11.6M | $11.5M | $15.6M | $5.3M | — | View 990 |
| 2018 | $11.2M | $10.8M | $15.5M | $5.3M | — | View 990 |
| 2017 | $11.4M | $11.3M | $15.4M | $5.5M | — | View 990 |
| 2016 | $9.3M | $9.1M | $13.6M | $3.8M | — | View 990 |
| 2015 | $8.4M | $8.4M | $13.4M | $3.8M | — | View 990 |
| 2014 | $8.5M | $8.7M | $13.4M | $3.8M | — | View 990 |
| 2013 | $9.1M | $9.3M | $13.7M | $4.0M | — | View 990 |
| 2012 | $9.2M | $9.5M | $14.2M | $4.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $14.1M, expenses of $15.7M, and assets of $13.6M (revenue +4.8% year-over-year).
- 2023: Revenue of $13.5M, expenses of $15.1M, and assets of $15.4M (revenue -6.4% year-over-year).
- 2022: Revenue of $14.4M, expenses of $12.9M, and assets of $16.8M (revenue +26.1% year-over-year).
- 2021: Revenue of $11.4M, expenses of $11.4M, and assets of $15.9M (revenue -0.6% year-over-year).
- 2020: Revenue of $11.5M, expenses of $11.3M, and assets of $14.9M (revenue -0.8% year-over-year).
- 2019: Revenue of $11.6M, expenses of $11.5M, and assets of $15.6M (revenue +3.7% year-over-year).
- 2018: Revenue of $11.2M, expenses of $10.8M, and assets of $15.5M (revenue -1.8% year-over-year).
- 2017: Revenue of $11.4M, expenses of $11.3M, and assets of $15.4M (revenue +21.7% year-over-year).
- 2016: Revenue of $9.3M, expenses of $9.1M, and assets of $13.6M (revenue +11.6% year-over-year).
- 2015: Revenue of $8.4M, expenses of $8.4M, and assets of $13.4M (revenue -1.5% year-over-year).
- 2014: Revenue of $8.5M, expenses of $8.7M, and assets of $13.4M (revenue -6.5% year-over-year).
- 2013: Revenue of $9.1M, expenses of $9.3M, and assets of $13.7M (revenue -1.2% year-over-year).
- 2012: Revenue of $9.2M, expenses of $9.5M, and assets of $14.2M.
Data Sources and Methodology
This transparency report for Center For Hope Hospice Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.