Hospice Care Network
Hospice Care Network consistently generates revenue exceeding expenses, building substantial assets for hospice care.
EIN: 112925757 · Westbury, NY · NTEE: P740 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $190.7M |
| Total Expenses | $59.0M |
| Program Spending | 85% |
| Net Assets | $79.5M |
| Transparency Score | 85/100 |
Is Hospice Care Network Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hospice Care Network directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hospice Care Network
Hospice Care Network (EIN: 112925757) is a nonprofit organization based in Westbury, NY, classified under NTEE code P740. The organization reported total revenue of $190.7M and total assets of $101.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospice Care Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hospice Care Network is a major nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62.8M |
| Total Expenses | $59.0M |
| Surplus / Deficit | +$3.8M |
| Total Assets | $92.6M |
| Total Liabilities | $13.1M |
| Net Assets | $79.5M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 14.1% |
| Months of Reserves | 18.8 months |
Financial Health Grade: A
In 2023, Hospice Care Network reported a surplus of $3.8M with revenue exceeding expenses, holds 18.8 months of operating reserves (strong position), has a debt-to-asset ratio of 14.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hospice Care Network's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.0% | +23.0% | +18.4% |
| 2022 | -16.7% | -2.2% | -18.1% |
| 2021 | -6.6% | -2.2% | -2.3% |
| 2020 | +10.1% | -3.1% | +33.6% |
| 2019 | +1.4% | +6.3% | +27.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1988 |
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 Hospice Care Network 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, Hospice Care Network 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.1%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all listed filing periods, which suggests either that executive compensation is not reported under this specific line item in the summary, or that it is exceptionally low, warranting further review of the full 990 forms for complete transparency on executive pay relative to the organization's substantial revenue and asset base.
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 Hospice Care Network's IRS 990 filings:
- Officer compensation reported as 0% in summary data, requiring further investigation in full 990 forms for complete transparency.
Strengths
The following positive indicators were identified for Hospice Care Network:
- Consistent operating surpluses, with revenue frequently exceeding expenses (e.g., $62,793,913 revenue vs. $58,968,914 expenses in 2023).
- Significant growth in assets over time, from $38,252,117 in 2014 to $92,576,843 in 2023, indicating strong financial health.
- Stable financial performance over a decade, demonstrating resilience and effective management.
- Low liabilities relative to assets, suggesting a strong balance sheet (e.g., $13,056,790 liabilities vs. $92,576,843 assets in 2023).
Frequently Asked Questions about Hospice Care Network
Is Hospice Care Network a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospice Care Network (EIN: 112925757) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Hospice Care Network spend its money?
Hospice Care Network directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hospice Care Network tax-deductible?
Hospice Care Network is registered as a tax-exempt nonprofit (EIN: 112925757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hospice Care Network's spending goes to programs?
Hospice Care Network directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hospice Care Network compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hospice Care Network is above average for NTEE category P740 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hospice Care Network located?
Hospice Care Network is headquartered in Westbury, New York and files with the IRS under EIN 112925757. It is classified under NTEE code P740.
How many years of IRS 990 filings does Hospice Care Network have?
Hospice Care Network 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 $190.7M in total revenue.
Is Hospice Care Network a good charity?
Based on its consistent financial health, growing assets, and history of operating surpluses, Hospice Care Network appears to be a financially stable organization. Its ability to consistently generate more revenue than expenses suggests effective management and a strong capacity to deliver on its mission.
How has Hospice Care Network's financial health changed over time?
Hospice Care Network has shown consistent financial growth. Revenue has generally increased, from $51,535,415 in 2014 to $62,793,913 in 2023. Assets have also grown significantly, from $38,252,117 in 2014 to $92,576,843 in 2023, indicating strong financial stewardship and accumulation of resources.
What is the trend in expenses versus revenue?
For most periods, Hospice Care Network's revenue has exceeded its expenses. For example, in 2023, revenue was $62,793,913 while expenses were $58,968,914, resulting in a surplus. The only exception in the provided data is 2022, where expenses ($47,927,400) slightly exceeded revenue ($46,519,304).
Are there any concerns about executive compensation?
The provided summary data consistently reports 0% for officer compensation. While this could indicate very low or no compensation for officers, it is more likely that executive compensation is reported under different categories in the full IRS 990 forms. A detailed review of the full filings would be necessary to fully assess executive compensation transparency.
Filing History
IRS 990 filing history for Hospice Care Network showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hospice Care Network's revenue has grown by 29%, moving from $48.7M to $62.8M. Total assets increased by 214.1% over the same period, from $29.5M to $92.6M. Total functional expenses rose by 30.6%, from $45.2M to $59.0M. In its most recent filing year (2023), Hospice Care Network reported a surplus of $3.8M, with revenue exceeding expenses. The organization holds $13.1M in liabilities against $92.6M in assets (debt-to-asset ratio: 14.1%), resulting in net assets of $79.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62.8M | $59.0M | $92.6M | $13.1M | — | — |
| 2022 | $46.5M | $47.9M | $78.2M | $9.9M | — | View 990 |
| 2021 | $55.9M | $49.0M | $95.5M | $14.8M | — | View 990 |
| 2020 | $59.8M | $50.1M | $97.8M | $24.1M | — | View 990 |
| 2019 | $54.3M | $51.7M | $73.2M | $13.7M | — | View 990 |
| 2018 | $53.5M | $48.7M | $57.6M | $4.6M | — | View 990 |
| 2017 | $55.4M | $48.0M | $56.3M | $5.3M | — | View 990 |
| 2016 | $51.9M | $46.2M | $48.9M | $6.1M | — | View 990 |
| 2015 | $53.6M | $48.5M | $41.9M | $5.0M | — | View 990 |
| 2014 | $51.5M | $48.1M | $38.3M | $5.4M | — | View 990 |
| 2013 | $51.1M | $48.3M | $35.1M | $5.8M | — | View 990 |
| 2012 | $50.1M | $47.0M | $32.2M | $6.3M | — | View 990 |
| 2011 | $48.7M | $45.2M | $29.5M | $6.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62.8M, expenses of $59.0M, and assets of $92.6M (revenue +35.0% year-over-year).
- 2022: Revenue of $46.5M, expenses of $47.9M, and assets of $78.2M (revenue -16.7% year-over-year).
- 2021: Revenue of $55.9M, expenses of $49.0M, and assets of $95.5M (revenue -6.6% year-over-year).
- 2020: Revenue of $59.8M, expenses of $50.1M, and assets of $97.8M (revenue +10.1% year-over-year).
- 2019: Revenue of $54.3M, expenses of $51.7M, and assets of $73.2M (revenue +1.4% year-over-year).
- 2018: Revenue of $53.5M, expenses of $48.7M, and assets of $57.6M (revenue -3.4% year-over-year).
- 2017: Revenue of $55.4M, expenses of $48.0M, and assets of $56.3M (revenue +6.8% year-over-year).
- 2016: Revenue of $51.9M, expenses of $46.2M, and assets of $48.9M (revenue -3.2% year-over-year).
- 2015: Revenue of $53.6M, expenses of $48.5M, and assets of $41.9M (revenue +3.9% year-over-year).
- 2014: Revenue of $51.5M, expenses of $48.1M, and assets of $38.3M (revenue +0.8% year-over-year).
- 2013: Revenue of $51.1M, expenses of $48.3M, and assets of $35.1M (revenue +2.1% year-over-year).
- 2012: Revenue of $50.1M, expenses of $47.0M, and assets of $32.2M (revenue +2.8% year-over-year).
- 2011: Revenue of $48.7M, expenses of $45.2M, and assets of $29.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hospice Care Network:
Data Sources and Methodology
This transparency report for Hospice Care Network 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.