Exeter Hospital Inc
Exeter Hospital Inc: Stable Finances, High Program Spending
EIN: 222674014 · Exeter, NH · NTEE: E220 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $340.7M |
| Total Expenses | $307.6M |
| Program Spending | 90% |
| Net Assets | $179.6M |
| Transparency Score | 85/100 |
Is Exeter Hospital Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Exeter Hospital Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Exeter Hospital Inc
Exeter Hospital Inc (EIN: 222674014) is a nonprofit organization based in Exeter, NH, classified under NTEE code E220. The organization reported total revenue of $340.7M and total assets of $272.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Exeter Hospital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Exeter Hospital Inc is a major nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $319.6M |
| Total Expenses | $307.6M |
| Surplus / Deficit | +$12.0M |
| Total Assets | $257.2M |
| Total Liabilities | $77.6M |
| Net Assets | $179.6M |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 30.2% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2023, Exeter Hospital Inc reported a surplus of $12.0M with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 30.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Exeter Hospital Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.1% | +1.3% | -9.0% |
| 2022 | +0.1% | +13.0% | -23.5% |
| 2021 | +13.4% | +2.8% | +17.4% |
| 2020 | -7.5% | +3.5% | +10.1% |
| 2019 | +12.1% | +7.5% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Exeter Hospital 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Exeter Hospital Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.2%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no excessive figures noted in recent filings.
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 Exeter Hospital Inc:
- Consistent revenue generation over several years, with 2023 revenue at $340,743,882.
- Strong asset base of $272,025,403, indicating financial stability.
- High percentage of spending directed towards programs, demonstrating a commitment to its mission.
Frequently Asked Questions about Exeter Hospital Inc
Is Exeter Hospital Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Exeter Hospital Inc (EIN: 222674014) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Exeter Hospital Inc spend its money?
Exeter Hospital Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Exeter Hospital Inc tax-deductible?
Exeter Hospital Inc is registered as a tax-exempt nonprofit (EIN: 222674014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Exeter Hospital Inc's spending goes to programs?
Exeter Hospital Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Exeter Hospital Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Exeter Hospital Inc is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Exeter Hospital Inc located?
Exeter Hospital Inc is headquartered in Exeter, New Hampshire and files with the IRS under EIN 222674014. It is classified under NTEE code E220.
How many years of IRS 990 filings does Exeter Hospital Inc have?
Exeter Hospital Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $340.7M in total revenue.
What does Exeter Hospital Inc do?
Exeter Hospital Inc is a nonprofit organization in the Health Care sector, located in Exeter, New Hampshire. It is classified under NTEE code E220.
How much revenue does Exeter Hospital Inc have?
Exeter Hospital Inc reported total revenue of $340,743,882. Based on 13 IRS 990 filings on record.
What are Exeter Hospital Inc's total assets?
Exeter Hospital Inc holds total assets of $272,025,403 as reported in IRS 990 filings.
Where is Exeter Hospital Inc located?
Exeter Hospital Inc is based in Exeter, New Hampshire.
What is Exeter Hospital Inc's EIN?
Exeter Hospital Inc's Employer Identification Number (EIN) is 222674014. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Exeter Hospital Inc?
Exeter Hospital Inc is classified under NTEE code E220 (Health Care).
Is Exeter Hospital Inc a registered 501(c)(3)?
Yes, Exeter Hospital Inc is recognized as a tax-exempt organization by the IRS. EIN: 222674014.
Does Exeter Hospital Inc file IRS Form 990?
Yes, Exeter Hospital Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Exeter Hospital Inc's revenue in 2023?
In the 202309 filing period, Exeter Hospital Inc reported total revenue of $319,580,564, total expenses of $307,563,236, and net assets of $257,188,839.
Is Exeter Hospital Inc's revenue growing or declining?
Exeter Hospital Inc's revenue is relatively stable. Revenue went from $319,159,260 (202209) to $319,580,564 (202309), a +0.1% change. Based on 13 filings on record.
What is Exeter Hospital Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Exeter Hospital Inc covers tax period 202309. It shows revenue of $319,580,564, expenses of $307,563,236, total assets of $257,188,839, and liabilities of $77,598,435.
How much does Exeter Hospital Inc spend on programs vs administration?
Based on IRS 990 analysis, Exeter Hospital Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Exeter Hospital Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Exeter Hospital Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Exeter Hospital Inc's strengths?
Positive indicators for Exeter Hospital Inc include: Consistent revenue generation over several years, with 2023 revenue at $340,743,882.. Strong asset base of $272,025,403, indicating financial stability.. High percentage of spending directed towards programs, demonstrating a commitment to its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Exeter Hospital Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no excessive figures noted in recent filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Exeter Hospital Inc. managed to maintain consistent revenue growth despite potential healthcare industry fluctuations?
Exeter Hospital Inc. has shown remarkable stability in its revenue, consistently reporting figures above $230 million since 2016 and reaching over $340 million in 2023. This suggests effective strategic planning, strong community engagement, and potentially a robust local market presence that mitigates broader industry volatility.
What factors contribute to the significant fluctuation in liabilities observed over the years, such as the jump from $78,044,792 in 2022 to $77,598,435 in 2023, after a high of $144,471,571 in 2020?
The fluctuations in liabilities, particularly the peak in 2020, could be attributed to various factors including capital expenditures for facility upgrades, changes in debt financing, or responses to the COVID-19 pandemic which might have involved increased borrowing or deferred payments. The subsequent decrease suggests effective liability management and potentially the payoff of short-term obligations.
Filing History
IRS 990 filing history for Exeter Hospital Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Exeter Hospital Inc's revenue has grown by 54.2%, moving from $207.2M to $319.6M. Total assets decreased by 8.2% over the same period, from $280.3M to $257.2M. Total functional expenses rose by 57.4%, from $195.4M to $307.6M. In its most recent filing year (2023), Exeter Hospital Inc reported a surplus of $12.0M, with revenue exceeding expenses. The organization holds $77.6M in liabilities against $257.2M in assets (debt-to-asset ratio: 30.2%), resulting in net assets of $179.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $319.6M | $307.6M | $257.2M | $77.6M | — | View 990 |
| 2022 | $319.2M | $303.6M | $282.6M | $78.0M | — | View 990 |
| 2021 | $318.7M | $268.6M | $369.6M | $106.3M | — | View 990 |
| 2020 | $281.0M | $261.2M | $314.8M | $144.5M | — | View 990 |
| 2019 | $303.9M | $252.3M | $285.9M | $100.9M | — | View 990 |
| 2018 | $271.2M | $234.7M | $285.6M | $95.6M | — | View 990 |
| 2017 | $253.8M | $217.5M | $284.4M | $100.3M | — | View 990 |
| 2016 | $236.4M | $204.4M | $274.1M | $112.1M | — | View 990 |
| 2015 | $206.5M | $190.3M | $270.2M | $113.1M | — | View 990 |
| 2014 | $206.5M | $192.0M | $276.4M | $97.6M | — | View 990 |
| 2013 | $195.1M | $189.6M | $271.0M | $95.9M | — | View 990 |
| 2012 | $199.4M | $191.1M | $285.4M | $107.0M | — | View 990 |
| 2011 | $207.2M | $195.4M | $280.3M | $105.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $319.6M, expenses of $307.6M, and assets of $257.2M (revenue +0.1% year-over-year).
- 2022: Revenue of $319.2M, expenses of $303.6M, and assets of $282.6M (revenue +0.1% year-over-year).
- 2021: Revenue of $318.7M, expenses of $268.6M, and assets of $369.6M (revenue +13.4% year-over-year).
- 2020: Revenue of $281.0M, expenses of $261.2M, and assets of $314.8M (revenue -7.5% year-over-year).
- 2019: Revenue of $303.9M, expenses of $252.3M, and assets of $285.9M (revenue +12.1% year-over-year).
- 2018: Revenue of $271.2M, expenses of $234.7M, and assets of $285.6M (revenue +6.8% year-over-year).
- 2017: Revenue of $253.8M, expenses of $217.5M, and assets of $284.4M (revenue +7.4% year-over-year).
- 2016: Revenue of $236.4M, expenses of $204.4M, and assets of $274.1M (revenue +14.5% year-over-year).
- 2015: Revenue of $206.5M, expenses of $190.3M, and assets of $270.2M (revenue +0.0% year-over-year).
- 2014: Revenue of $206.5M, expenses of $192.0M, and assets of $276.4M (revenue +5.8% year-over-year).
- 2013: Revenue of $195.1M, expenses of $189.6M, and assets of $271.0M (revenue -2.2% year-over-year).
- 2012: Revenue of $199.4M, expenses of $191.1M, and assets of $285.4M (revenue -3.8% year-over-year).
- 2011: Revenue of $207.2M, expenses of $195.4M, and assets of $280.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Exeter Hospital Inc:
Data Sources and Methodology
This transparency report for Exeter Hospital 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.