Hospice Cottage Inc
EIN: 311806490 · Worthington, MN · NTEE: E91
| Metric | Value |
|---|---|
| Total Revenue | $353K |
| Total Expenses | $81K |
| Net Assets | $2.0M |
Is Hospice Cottage Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hospice Cottage Inc
Hospice Cottage Inc (EIN: 311806490) is a nonprofit organization based in Worthington, MN, classified under NTEE code E91. The organization reported total revenue of $353K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospice Cottage Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hospice Cottage Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $194K |
| Total Expenses | $81K |
| Surplus / Deficit | +$114K |
| Total Assets | $2.0M |
| Net Assets | $2.0M |
| Operating Margin | 58.5% |
| Months of Reserves | 290.9 months |
Financial Health Grade: A
In 2023, Hospice Cottage Inc reported a surplus of $114K with revenue exceeding expenses, holds 290.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hospice Cottage Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +87.3% | +2.1% | +13.3% |
| 2022 | -42.5% | -18.2% | -6.9% |
| 2021 | +96.2% | +22.6% | +1.9% |
| 2020 | -41.7% | +0.5% | +2.8% |
| 2019 | +28.4% | -2.7% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hospice Cottage Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hospice Cottage Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $114K, with revenue exceeding expenses.
Frequently Asked Questions about Hospice Cottage Inc
Is Hospice Cottage Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospice Cottage Inc (EIN: 311806490) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hospice Cottage Inc spend its money?
Detailed spending breakdown data is not yet available for Hospice Cottage Inc. Check back for updated IRS 990 analysis.
Are donations to Hospice Cottage Inc tax-deductible?
Hospice Cottage Inc is registered as a tax-exempt nonprofit (EIN: 311806490). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hospice Cottage Inc located?
Hospice Cottage Inc is headquartered in Worthington, Minnesota and files with the IRS under EIN 311806490. It is classified under NTEE code E91.
How many years of IRS 990 filings does Hospice Cottage Inc have?
Hospice Cottage 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 $353K in total revenue.
Filing History
IRS 990 filing history for Hospice Cottage Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hospice Cottage Inc's revenue has grown by 136.1%, moving from $82K to $194K. Total assets increased by 41% over the same period, from $1.4M to $2.0M. Total functional expenses rose by 16.3%, from $69K to $81K. In its most recent filing year (2023), Hospice Cottage Inc reported a surplus of $114K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $194K | $81K | $2.0M | $0 | — | — |
| 2022 | $104K | $79K | $1.7M | $0 | — | View 990 |
| 2021 | $181K | $97K | $1.9M | $0 | — | View 990 |
| 2020 | $92K | $79K | $1.8M | $0 | — | View 990 |
| 2019 | $158K | $78K | $1.8M | $0 | — | View 990 |
| 2018 | $123K | $81K | $1.6M | $0 | — | View 990 |
| 2017 | $113K | $63K | $1.6M | $5K | — | — |
| 2016 | $99K | $70K | $1.6M | $0 | — | View 990 |
| 2015 | $115K | $57K | $1.5M | $0 | — | View 990 |
| 2014 | $98K | $52K | $1.5M | $0 | — | View 990 |
| 2013 | $94K | $54K | $1.4M | $0 | — | View 990 |
| 2012 | $77K | $57K | $1.4M | $0 | — | View 990 |
| 2011 | $82K | $69K | $1.4M | $250 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $194K, expenses of $81K, and assets of $2.0M (revenue +87.3% year-over-year).
- 2022: Revenue of $104K, expenses of $79K, and assets of $1.7M (revenue -42.5% year-over-year).
- 2021: Revenue of $181K, expenses of $97K, and assets of $1.9M (revenue +96.2% year-over-year).
- 2020: Revenue of $92K, expenses of $79K, and assets of $1.8M (revenue -41.7% year-over-year).
- 2019: Revenue of $158K, expenses of $78K, and assets of $1.8M (revenue +28.4% year-over-year).
- 2018: Revenue of $123K, expenses of $81K, and assets of $1.6M (revenue +8.5% year-over-year).
- 2017: Revenue of $113K, expenses of $63K, and assets of $1.6M (revenue +13.9% year-over-year).
- 2016: Revenue of $99K, expenses of $70K, and assets of $1.6M (revenue -13.8% year-over-year).
- 2015: Revenue of $115K, expenses of $57K, and assets of $1.5M (revenue +17.4% year-over-year).
- 2014: Revenue of $98K, expenses of $52K, and assets of $1.5M (revenue +4.9% year-over-year).
- 2013: Revenue of $94K, expenses of $54K, and assets of $1.4M (revenue +21.0% year-over-year).
- 2012: Revenue of $77K, expenses of $57K, and assets of $1.4M (revenue -6.1% year-over-year).
- 2011: Revenue of $82K, expenses of $69K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hospice Cottage Inc:
Data Sources and Methodology
This transparency report for Hospice Cottage 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.