Cottage Hospital
Cottage Hospital maintains stable finances with growing assets, though recent years show minor operational deficits.
EIN: 20223321 · Woodsville, NH · NTEE: E220 · Updated: 2026-03-28
Is Cottage Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cottage Hospital directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cottage Hospital
Cottage Hospital (EIN: 20223321) is a nonprofit organization based in Woodsville, NH, classified under NTEE code E220. The organization reported total revenue of $44.2M and total assets of $37.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cottage Hospital'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 Cottage Hospital with a Mission Score of 80 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, Cottage Hospital 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
The IRS 990 filings consistently report 0% for officer compensation, which is unusual for an organization of this size ($44M latest revenue). This suggests executive compensation may be reported under different categories or is not included in the provided 'Officer Comp' metric, requiring further scrutiny of the full 990 forms.
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.
Red Flags
The following concerns were identified during AI analysis of Cottage Hospital's IRS 990 filings:
- Consistent operational deficits in the last two reporting periods (2022 and 2023)
- Unusually low (0%) reported officer compensation for an organization of this size, requiring further investigation into executive pay structures.
Strengths
The following positive indicators were identified for Cottage Hospital:
- Consistent revenue generation over a decade, growing from $30.5M in 2014 to $41.4M in 2023.
- Strong and growing asset base, increasing from $28.8M in 2014 to $37.3M in 2023.
- Long history of IRS 990 filings (13 filings), indicating regulatory compliance and transparency.
- Generally stable financial health with revenues largely covering expenses over the long term.
Frequently Asked Questions about Cottage Hospital
Is Cottage Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Cottage Hospital (EIN: 20223321) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Cottage Hospital spend its money?
Cottage Hospital directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cottage Hospital tax-deductible?
Cottage Hospital is registered as a tax-exempt nonprofit (EIN: 20223321). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cottage Hospital experiencing a trend of increasing operational deficits?
Yes, the data shows that in 2022 and 2023, expenses ($40,491,066 and $42,171,933 respectively) exceeded revenues ($38,166,718 and $41,478,609 respectively), indicating a recent trend of operational deficits after several years of surpluses.
How has Cottage Hospital's asset base changed over the last decade?
Cottage Hospital's assets have shown consistent growth, increasing from $28,826,419 in 2014 to $37,311,075 in 2023, demonstrating a healthy accumulation of resources.
What is the significance of 0% officer compensation reported?
A consistent 0% reported for officer compensation for an organization with over $40 million in revenue is highly unusual. It suggests that executive salaries might be categorized differently within the 990 (e.g., as program expenses if officers are also medical staff) or that the provided 'Officer Comp' metric is incomplete, warranting a review of the full 990 for details on compensation of key employees and officers.
Is Cottage Hospital financially stable despite recent deficits?
Despite minor operational deficits in the last two periods, Cottage Hospital appears financially stable due to its substantial and growing asset base ($37,311,075 in 2023) and a long history of consistent revenue generation.
Filing History
IRS 990 filing history for Cottage Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cottage Hospital's revenue has grown by 31.7%, moving from $31.5M to $41.5M. Total assets increased by 56.3% over the same period, from $23.9M to $37.3M. Total functional expenses rose by 44.9%, from $29.1M to $42.2M. In its most recent filing year (2023), Cottage Hospital reported a deficit of $693K, with expenses exceeding revenue. The organization holds $19.5M in liabilities against $37.3M in assets (debt-to-asset ratio: 52.2%), resulting in net assets of $17.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $41.5M | $42.2M | $37.3M | $19.5M | — | View 990 |
| 2022 | $38.2M | $40.5M | $38.8M | $20.8M | — | — |
| 2021 | $41.9M | $38.6M | $42.2M | $20.1M | — | View 990 |
| 2020 | $36.1M | $35.3M | $41.5M | $23.7M | — | View 990 |
| 2019 | $35.0M | $34.2M | $33.6M | $16.9M | — | View 990 |
| 2018 | $33.3M | $33.9M | $32.1M | $16.4M | — | View 990 |
| 2017 | $32.2M | $31.9M | $32.2M | $16.4M | — | View 990 |
| 2016 | $28.0M | $28.5M | $32.4M | $16.9M | — | View 990 |
| 2015 | $27.3M | $27.9M | $30.8M | $15.2M | — | View 990 |
| 2014 | $30.5M | $30.5M | $28.8M | $12.0M | — | View 990 |
| 2013 | $31.2M | $30.6M | $29.3M | $13.0M | — | View 990 |
| 2012 | $31.8M | $30.4M | $27.3M | $11.9M | — | View 990 |
| 2011 | $31.5M | $29.1M | $23.9M | $10.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41.5M, expenses of $42.2M, and assets of $37.3M (revenue +8.7% year-over-year).
- 2022: Revenue of $38.2M, expenses of $40.5M, and assets of $38.8M (revenue -9.0% year-over-year).
- 2021: Revenue of $41.9M, expenses of $38.6M, and assets of $42.2M (revenue +16.0% year-over-year).
- 2020: Revenue of $36.1M, expenses of $35.3M, and assets of $41.5M (revenue +3.4% year-over-year).
- 2019: Revenue of $35.0M, expenses of $34.2M, and assets of $33.6M (revenue +4.9% year-over-year).
- 2018: Revenue of $33.3M, expenses of $33.9M, and assets of $32.1M (revenue +3.4% year-over-year).
- 2017: Revenue of $32.2M, expenses of $31.9M, and assets of $32.2M (revenue +15.2% year-over-year).
- 2016: Revenue of $28.0M, expenses of $28.5M, and assets of $32.4M (revenue +2.6% year-over-year).
- 2015: Revenue of $27.3M, expenses of $27.9M, and assets of $30.8M (revenue -10.6% year-over-year).
- 2014: Revenue of $30.5M, expenses of $30.5M, and assets of $28.8M (revenue -2.1% year-over-year).
- 2013: Revenue of $31.2M, expenses of $30.6M, and assets of $29.3M (revenue -1.9% year-over-year).
- 2012: Revenue of $31.8M, expenses of $30.4M, and assets of $27.3M (revenue +0.9% year-over-year).
- 2011: Revenue of $31.5M, expenses of $29.1M, and assets of $23.9M.
Data Sources and Methodology
This transparency report for Cottage Hospital 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.