Ellis Hospital Foundation Inc
Ellis Hospital Foundation maintains strong asset growth with zero reported officer compensation.
EIN: 141638957 · Schenectady, NY · NTEE: E110 · Updated: 2026-03-28
Is Ellis Hospital Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ellis Hospital Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ellis Hospital Foundation Inc
Ellis Hospital Foundation Inc (EIN: 141638957) is a nonprofit organization based in Schenectady, NY, classified under NTEE code E110. The organization reported total revenue of $11.5M and total assets of $25.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ellis Hospital Foundation 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 Ellis Hospital Foundation 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Ellis Hospital Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Ellis Hospital Foundation Inc. consistently reports 0% officer compensation across all available filings, including the latest period (202312). This indicates a strong commitment to directing all funds towards its mission and suggests that executive leadership may be volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size with assets of $23,020,389.
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 Ellis Hospital Foundation Inc:
- Consistent asset growth, from $17,896,459 in 2014 to $23,020,389 in 2023.
- Zero reported officer compensation across all 14 filings, indicating high transparency and efficient use of funds.
- Positive operating margin in the most recent filing (202312), with revenue exceeding expenses by nearly $1 million.
- Strong financial reserves with total assets of $25,948,791 (latest available data point).
Frequently Asked Questions about Ellis Hospital Foundation Inc
Is Ellis Hospital Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ellis Hospital Foundation Inc (EIN: 141638957) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Ellis Hospital Foundation Inc spend its money?
Ellis Hospital Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ellis Hospital Foundation Inc tax-deductible?
Ellis Hospital Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141638957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ellis Hospital Foundation Inc. a good charity?
Based on the available data, Ellis Hospital Foundation Inc. appears to be a good charity. It demonstrates strong asset growth, a positive revenue-to-expense ratio in recent years (e.g., $4,267,118 revenue vs. $3,341,920 expenses in 2023), and notably reports 0% officer compensation, indicating a high level of financial stewardship and transparency.
How has the organization's financial health changed over the past decade?
Over the past decade, Ellis Hospital Foundation Inc. has shown consistent asset growth, increasing from $17,896,459 in 2014 to $23,020,389 in 2023. While revenues and expenses have fluctuated year-to-year, the overall trend in assets and the consistent reporting of zero officer compensation suggest a stable and well-managed financial trajectory.
What is the trend in revenue and expenses?
Revenue and expenses for Ellis Hospital Foundation Inc. have shown variability. For example, revenue peaked at $10,842,127 in 2020 before settling around $4-6 million in subsequent years. Expenses have generally remained in the $3-5 million range. In 2023, revenue ($4,267,118) exceeded expenses ($3,341,920), indicating a positive operating margin for that period.
Filing History
IRS 990 filing history for Ellis Hospital Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Ellis Hospital Foundation Inc's revenue has declined by 26.9%, moving from $5.8M to $4.3M. Total assets increased by 44.3% over the same period, from $16.0M to $23.0M. Total functional expenses rose by 10.3%, from $3.0M to $3.3M. In its most recent filing year (2023), Ellis Hospital Foundation Inc reported a surplus of $925K, with revenue exceeding expenses. The organization holds $284K in liabilities against $23.0M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $22.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $3.3M | $23.0M | $284K | — | — |
| 2022 | $4.6M | $5.0M | $21.4M | $1.4M | — | View 990 |
| 2021 | $6.5M | $4.3M | $24.3M | $980K | — | View 990 |
| 2020 | $10.8M | $4.4M | $22.1M | $1.6M | — | View 990 |
| 2019 | $3.2M | $3.6M | $16.5M | $821K | — | View 990 |
| 2018 | $2.8M | $3.9M | $15.0M | $836K | — | View 990 |
| 2017 | $3.4M | $4.0M | $17.1M | $392K | — | View 990 |
| 2016 | $4.1M | $4.5M | $16.9M | $628K | — | View 990 |
| 2015 | $3.1M | $3.8M | $16.5M | $393K | — | View 990 |
| 2014 | $3.7M | $4.2M | $17.9M | $321K | — | View 990 |
| 2013 | $3.7M | $4.0M | $17.6M | $329K | — | View 990 |
| 2012 | $3.1M | $2.9M | $15.8M | $328K | — | View 990 |
| 2011 | $5.5M | $4.6M | $16.2M | $1.0M | — | View 990 |
| 2010 | $5.8M | $3.0M | $16.0M | $263K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $3.3M, and assets of $23.0M (revenue -8.2% year-over-year).
- 2022: Revenue of $4.6M, expenses of $5.0M, and assets of $21.4M (revenue -28.1% year-over-year).
- 2021: Revenue of $6.5M, expenses of $4.3M, and assets of $24.3M (revenue -40.4% year-over-year).
- 2020: Revenue of $10.8M, expenses of $4.4M, and assets of $22.1M (revenue +241.5% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.6M, and assets of $16.5M (revenue +13.5% year-over-year).
- 2018: Revenue of $2.8M, expenses of $3.9M, and assets of $15.0M (revenue -18.3% year-over-year).
- 2017: Revenue of $3.4M, expenses of $4.0M, and assets of $17.1M (revenue -16.1% year-over-year).
- 2016: Revenue of $4.1M, expenses of $4.5M, and assets of $16.9M (revenue +31.1% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.8M, and assets of $16.5M (revenue -15.6% year-over-year).
- 2014: Revenue of $3.7M, expenses of $4.2M, and assets of $17.9M (revenue -0.2% year-over-year).
- 2013: Revenue of $3.7M, expenses of $4.0M, and assets of $17.6M (revenue +20.6% year-over-year).
- 2012: Revenue of $3.1M, expenses of $2.9M, and assets of $15.8M (revenue -44.1% year-over-year).
- 2011: Revenue of $5.5M, expenses of $4.6M, and assets of $16.2M (revenue -6.1% year-over-year).
- 2010: Revenue of $5.8M, expenses of $3.0M, and assets of $16.0M.
Data Sources and Methodology
This transparency report for Ellis Hospital Foundation 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.