Hospice Of Chenango County Inc
Hospice Of Chenango County Inc faces persistent operating deficits despite substantial assets.
EIN: 161364399 · Norwich, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4,021,967. |
| Net Assets | $3.3M |
| Transparency Score | 70/100 |
Is Hospice Of Chenango County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hospice Of Chenango County Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hospice Of Chenango County Inc
Hospice Of Chenango County Inc (EIN: 161364399) is a nonprofit organization based in Norwich, NY. The organization reported total revenue of $4.0M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospice Of Chenango County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hospice Of Chenango County Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-661,830 |
| Total Assets | $3.5M |
| Total Liabilities | $258K |
| Net Assets | $3.3M |
| Operating Margin | -49.3% |
| Debt-to-Asset Ratio | 7.3% |
| Months of Reserves | 21.1 months |
Financial Health Grade: B
In 2023, Hospice Of Chenango County Inc reported a deficit of $662K with expenses exceeding revenue, holds 21.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hospice Of Chenango County Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | +5.5% | -13.1% |
| 2022 | -21.2% | +3.3% | -19.4% |
| 2021 | -20.5% | +8.9% | +2.1% |
| 2020 | +20.0% | +10.3% | +23.7% |
| 2019 | +24.5% | +9.5% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Of Chenango County Inc with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hospice Of Chenango County Inc 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 deficit of $662K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, suggesting a volunteer-led or extremely low-paid leadership, which is highly favorable for a nonprofit of its size with latest revenue of $4,021,967.
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 Of Chenango County Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $661,830 in 2023 and $466,535 in 2022).
- Significant decline in revenue from $2,288,508 in 2020 to $1,343,242 in 2023.
- Assets have decreased from a high of $5,039,031 in 2021 to $3,529,218 in 2023, potentially due to operating losses.
Strengths
The following positive indicators were identified for Hospice Of Chenango County Inc:
- Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
- Maintains substantial assets ($3,529,218 in 2023) which provide a buffer despite recent deficits.
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance and transparency.
Frequently Asked Questions about Hospice Of Chenango County Inc
Is Hospice Of Chenango County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospice Of Chenango County Inc (EIN: 161364399) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Hospice Of Chenango County Inc spend its money?
Hospice Of Chenango County Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hospice Of Chenango County Inc tax-deductible?
Hospice Of Chenango County Inc is registered as a tax-exempt nonprofit (EIN: 161364399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hospice Of Chenango County Inc CEO make?
Hospice Of Chenango County Inc's highest-compensated officer earns $4,021,967. annually. The organization reported $4.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hospice Of Chenango County Inc's spending goes to programs?
Hospice Of Chenango County Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hospice Of Chenango County Inc located?
Hospice Of Chenango County Inc is headquartered in Norwich, New York and files with the IRS under EIN 161364399.
How many years of IRS 990 filings does Hospice Of Chenango County Inc have?
Hospice Of Chenango County 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 $4.0M in total revenue.
Is Hospice Of Chenango County Inc a good charity?
The organization demonstrates a strong commitment to its mission through its reported zero officer compensation and likely high program spending (though specific breakdown isn't provided in the raw data). However, the recent trend of significant operating deficits (e.g., $661,830 in 2023) raises concerns about its long-term financial sustainability.
What caused the significant revenue drop from 2020 to 2023?
Revenue decreased from $2,288,508 in 2020 to $1,343,242 in 2023, a drop of over $945,000. Understanding the reasons behind this substantial decline is crucial for assessing the organization's future viability.
How does the organization plan to address its recurring operating deficits?
With expenses exceeding revenue by $661,830 in 2023 and $466,535 in 2022, the organization needs a clear strategy to return to financial equilibrium to avoid depleting its assets.
Filing History
IRS 990 filing history for Hospice Of Chenango County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hospice Of Chenango County Inc's revenue has grown by 19%, moving from $1.1M to $1.3M. Total assets increased by 40.8% over the same period, from $2.5M to $3.5M. Total functional expenses rose by 57.9%, from $1.3M to $2.0M. In its most recent filing year (2023), Hospice Of Chenango County Inc reported a deficit of $662K, with expenses exceeding revenue. The organization holds $258K in liabilities against $3.5M in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $2.0M | $3.5M | $258K | — | — |
| 2022 | $1.4M | $1.9M | $4.1M | $317K | — | — |
| 2021 | $1.8M | $1.8M | $5.0M | $305K | — | View 990 |
| 2020 | $2.3M | $1.7M | $4.9M | $330K | — | View 990 |
| 2019 | $1.9M | $1.5M | $4.0M | $129K | — | View 990 |
| 2018 | $1.5M | $1.4M | $3.5M | $90K | — | View 990 |
| 2017 | $1.8M | $1.3M | $3.4M | $160K | — | View 990 |
| 2016 | $1.3M | $1.2M | $2.9M | $120K | — | View 990 |
| 2015 | $1.1M | $1.2M | $2.8M | $77K | — | View 990 |
| 2014 | $1.2M | $1.2M | $3.0M | $69K | — | View 990 |
| 2013 | $1.7M | $1.3M | $3.1M | $146K | — | View 990 |
| 2012 | $1.5M | $1.3M | $2.7M | $151K | — | View 990 |
| 2011 | $1.1M | $1.3M | $2.5M | $148K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $2.0M, and assets of $3.5M (revenue -6.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.9M, and assets of $4.1M (revenue -21.2% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.8M, and assets of $5.0M (revenue -20.5% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.7M, and assets of $4.9M (revenue +20.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.5M, and assets of $4.0M (revenue +24.5% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $3.5M (revenue -12.8% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.3M, and assets of $3.4M (revenue +38.4% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $2.9M (revenue +16.8% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $2.8M (revenue -9.3% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $3.0M (revenue -29.0% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.3M, and assets of $3.1M (revenue +12.1% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.3M, and assets of $2.7M (revenue +33.6% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.3M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hospice Of Chenango County Inc:
Data Sources and Methodology
This transparency report for Hospice Of Chenango County 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.