Hospice Education Institute Inc
Hospice Education Institute: Declining Revenue, Strong Asset Base
EIN: 222701794 · Machiasport, ME · NTEE: P74I · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $628K |
| Total Expenses | $3.4M |
| Program Spending | 70% |
| Net Assets | $803K |
| Transparency Score | 75/100 |
Is Hospice Education Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hospice Education Institute Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hospice Education Institute Inc
Hospice Education Institute Inc (EIN: 222701794) is a nonprofit organization based in Machiasport, ME, classified under NTEE code P74I. The organization reported total revenue of $628K and total assets of $803K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospice Education Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hospice Education Institute Inc is a small nonprofit that has been operating for 40 years, with 6 years of IRS 990 filings on record (2012–2017). Revenue has grown at a compound annual rate of -29.1%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $449K |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-2,903,666 |
| Total Assets | $803K |
| Net Assets | $803K |
| Operating Margin | -647.2% |
| Months of Reserves | 2.9 months |
Financial Health Grade: C
In 2017, Hospice Education Institute Inc reported a deficit of $2.9M with expenses exceeding revenue, holds 2.9 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2012–2017), Hospice Education Institute Inc's revenue has declined at a compound annual growth rate (CAGR) of -29.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -72.8% | +155.7% | -78.8% |
| 2016 | -30.1% | -48.5% | +8.9% |
| 2015 | +6.0% | +13.9% | -6.1% |
| 2014 | -9.4% | -5.9% | +0.8% |
| 2013 | -2.3% | +0.3% | +3.3% |
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 Hospice Education Institute Inc with a Mission Score of 75 out of 100 (Good). 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: 70%
- fundraising: 15%
According to IRS 990 filings, Hospice Education Institute Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.9M, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on salaries and benefits.
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 Education Institute Inc's IRS 990 filings:
- Significant decline in revenue from $2,510,083 in 2012 to $448,619 in 2017, raising concerns about sustainability.
- Expenses consistently exceed revenue in recent years, with $3,352,285 in expenses against $448,619 in revenue in 2017.
Strengths
The following positive indicators were identified for Hospice Education Institute Inc:
- Maintains a strong asset base, with $802,672 in assets in 2017, providing some financial cushion.
- Consistent filing of financial documents demonstrates transparency in reporting.
Frequently Asked Questions about Hospice Education Institute Inc
Is Hospice Education Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospice Education Institute Inc (EIN: 222701794) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Hospice Education Institute Inc spend its money?
Hospice Education Institute Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hospice Education Institute Inc tax-deductible?
Hospice Education Institute Inc is registered as a tax-exempt nonprofit (EIN: 222701794). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hospice Education Institute Inc's spending goes to programs?
Hospice Education Institute Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Hospice Education Institute Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hospice Education Institute Inc is above average for NTEE category P74I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hospice Education Institute Inc located?
Hospice Education Institute Inc is headquartered in Machiasport, Maine and files with the IRS under EIN 222701794. It is classified under NTEE code P74I.
How many years of IRS 990 filings does Hospice Education Institute Inc have?
Hospice Education Institute Inc has 6 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 $628K in total revenue.
What does Hospice Education Institute Inc do?
Hospice Education Institute Inc is a nonprofit organization in the Human Services sector, located in Machiasport, Maine. It is classified under NTEE code P74I.
How much revenue does Hospice Education Institute Inc have?
Hospice Education Institute Inc reported total revenue of $628,447. Based on 6 IRS 990 filings on record.
What are Hospice Education Institute Inc's total assets?
Hospice Education Institute Inc holds total assets of $802,672 as reported in IRS 990 filings.
Where is Hospice Education Institute Inc located?
Hospice Education Institute Inc is based in Machiasport, Maine.
What is Hospice Education Institute Inc's EIN?
Hospice Education Institute Inc's Employer Identification Number (EIN) is 222701794. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hospice Education Institute Inc?
Hospice Education Institute Inc is classified under NTEE code P74I (Human Services).
Is Hospice Education Institute Inc a registered 501(c)(3)?
Yes, Hospice Education Institute Inc is recognized as a tax-exempt organization by the IRS. EIN: 222701794.
Does Hospice Education Institute Inc file IRS Form 990?
Yes, Hospice Education Institute Inc has 6 IRS Form 990 filings on record. The most recent covers tax period 201706.
What was Hospice Education Institute Inc's revenue in 2017?
In the 201706 filing period, Hospice Education Institute Inc reported total revenue of $448,619, total expenses of $3,352,285, and net assets of $802,672.
Is Hospice Education Institute Inc's revenue growing or declining?
Hospice Education Institute Inc's revenue is declining. Revenue went from $1,647,392 (201606) to $448,619 (201706), a -72.8% change. Based on 6 filings on record.
What is Hospice Education Institute Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hospice Education Institute Inc covers tax period 201706. It shows revenue of $448,619, expenses of $3,352,285, total assets of $802,672, and liabilities of N/A.
How much does Hospice Education Institute Inc spend on programs vs administration?
Based on IRS 990 analysis, Hospice Education Institute Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Hospice Education Institute Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hospice Education Institute Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Hospice Education Institute Inc?
The following concerns were identified: Significant decline in revenue from $2,510,083 in 2012 to $448,619 in 2017, raising concerns about sustainability.. Expenses consistently exceed revenue in recent years, with $3,352,285 in expenses against $448,619 in revenue in 2017.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hospice Education Institute Inc's strengths?
Positive indicators for Hospice Education Institute Inc include: Maintains a strong asset base, with $802,672 in assets in 2017, providing some financial cushion.. Consistent filing of financial documents demonstrates transparency in reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Hospice Education Institute Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on salaries and benefits. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the dramatic decline in revenue from 2012 to 2017, and what strategies are in place to reverse this trend?
The provided data does not specify the reasons for the revenue decline. A deeper dive into their operational changes, funding sources, and program effectiveness would be necessary to understand the contributing factors and future strategies.
Given the consistent trend of expenses exceeding revenue in recent years, how is the organization funding its operations and what is the long-term financial outlook?
The organization appears to be drawing down on its assets to cover operational deficits. Without new revenue streams or significant cost reductions, this trend is unsustainable in the long term, potentially jeopardizing its mission.
Filing History
IRS 990 filing history for Hospice Education Institute Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2017), Hospice Education Institute Inc's revenue has declined by 82.1%, moving from $2.5M to $449K. Total assets decreased by 77.4% over the same period, from $3.6M to $803K. Total functional expenses rose by 41.5%, from $2.4M to $3.4M. In its most recent filing year (2017), Hospice Education Institute Inc reported a deficit of $2.9M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $449K | $3.4M | $803K | $0 | — | View 990 |
| 2016 | $1.6M | $1.3M | $3.8M | $8K | — | View 990 |
| 2015 | $2.4M | $2.5M | $3.5M | $23K | — | View 990 |
| 2014 | $2.2M | $2.2M | $3.7M | $18K | — | View 990 |
| 2013 | $2.5M | $2.4M | $3.7M | $33K | — | View 990 |
| 2012 | $2.5M | $2.4M | $3.6M | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $449K, expenses of $3.4M, and assets of $803K (revenue -72.8% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.3M, and assets of $3.8M (revenue -30.1% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.5M, and assets of $3.5M (revenue +6.0% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.2M, and assets of $3.7M (revenue -9.4% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.4M, and assets of $3.7M (revenue -2.3% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.4M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hospice Education Institute Inc:
Data Sources and Methodology
This transparency report for Hospice Education Institute 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.