Hospice Of East Texas Foundation
Hospice Of East Texas Foundation shows strong asset base but experienced a significant deficit in 2023.
EIN: 205194874 · Tyler, TX · NTEE: E11 · Updated: 2026-03-28
Is Hospice Of East Texas Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hospice Of East Texas Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hospice Of East Texas Foundation
Hospice Of East Texas Foundation (EIN: 205194874) is a nonprofit organization based in Tyler, TX, classified under NTEE code E11. The organization reported total revenue of $4.1M and total assets of $17.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospice Of East Texas Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hospice Of East Texas Foundation 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 Of East Texas Foundation 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, or trustees, which is highly favorable for a nonprofit of its size with assets exceeding $16 million.
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 East Texas Foundation's IRS 990 filings:
- Significant deficit in 2023 where expenses ($2,666,413) exceeded revenue ($1,691,206).
- Substantial increase in liabilities from $2,725 in 2022 to $10,111 in 2023.
Strengths
The following positive indicators were identified for Hospice Of East Texas Foundation:
- Consistently reports 0% officer compensation, indicating efficient use of funds for leadership.
- Maintains a strong asset base, with assets of $16,617,391 in 2023, providing financial stability.
- Historically low expense ratios relative to revenue in most years, indicating efficient operations (e.g., 2021 expenses were $517,954 against $5,930,165 revenue).
Frequently Asked Questions about Hospice Of East Texas Foundation
Is Hospice Of East Texas Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospice Of East Texas Foundation (EIN: 205194874) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Hospice Of East Texas Foundation spend its money?
Hospice Of East Texas Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hospice Of East Texas Foundation tax-deductible?
Hospice Of East Texas Foundation is registered as a tax-exempt nonprofit (EIN: 205194874). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did expenses significantly exceed revenue in 2023?
In 2023, expenses were $2,666,413 while revenue was $1,691,206, leading to a deficit. This is a significant deviation from prior years where expenses were generally much lower relative to revenue, or revenue was exceptionally high (e.g., 2021).
What caused the substantial increase in liabilities in 2023?
Liabilities jumped from $2,725 in 2022 to $10,111 in 2023. Understanding the nature of this increase is crucial for assessing financial risk.
What was the source of the exceptionally high revenue in 2021?
Revenue in 2021 was $5,930,165, significantly higher than any other year in the provided data. Identifying the source (e.g., a large one-time donation, grant, or investment gain) would provide context for its financial stability.
Filing History
IRS 990 filing history for Hospice Of East Texas Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hospice Of East Texas Foundation's revenue has grown by 83.1%, moving from $924K to $1.7M. Total assets increased by 98.5% over the same period, from $8.4M to $16.6M. Total functional expenses rose by 1055.5%, from $231K to $2.7M. In its most recent filing year (2023), Hospice Of East Texas Foundation reported a deficit of $975K, with expenses exceeding revenue. The organization holds $10K in liabilities against $16.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $16.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.7M | $16.6M | $10K | — | — |
| 2022 | $1.6M | $1.3M | $16.7M | $3K | — | View 990 |
| 2021 | $5.9M | $518K | $20.1M | $1.2M | — | View 990 |
| 2020 | $1.3M | $436K | $16.2M | $2.4M | — | View 990 |
| 2019 | $2.1M | $417K | $15.1M | $3.1M | — | View 990 |
| 2018 | $1.7M | $417K | $12.6M | $4.1M | — | View 990 |
| 2017 | $1.6M | $411K | $14.5M | $5.2M | — | View 990 |
| 2016 | $1.2M | $400K | $12.2M | $5.2M | — | View 990 |
| 2015 | $1.7M | $343K | $11.8M | $5.8M | — | View 990 |
| 2014 | $1.2M | $383K | $11.4M | $5.8M | — | View 990 |
| 2013 | $1.2M | $326K | $10.7M | $5.8M | — | View 990 |
| 2012 | $780K | $254K | $9.4M | $6.0M | — | View 990 |
| 2011 | $924K | $231K | $8.4M | $6.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.7M, and assets of $16.6M (revenue +4.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.3M, and assets of $16.7M (revenue -72.7% year-over-year).
- 2021: Revenue of $5.9M, expenses of $518K, and assets of $20.1M (revenue +342.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $436K, and assets of $16.2M (revenue -35.9% year-over-year).
- 2019: Revenue of $2.1M, expenses of $417K, and assets of $15.1M (revenue +20.8% year-over-year).
- 2018: Revenue of $1.7M, expenses of $417K, and assets of $12.6M (revenue +9.6% year-over-year).
- 2017: Revenue of $1.6M, expenses of $411K, and assets of $14.5M (revenue +29.0% year-over-year).
- 2016: Revenue of $1.2M, expenses of $400K, and assets of $12.2M (revenue -27.8% year-over-year).
- 2015: Revenue of $1.7M, expenses of $343K, and assets of $11.8M (revenue +38.0% year-over-year).
- 2014: Revenue of $1.2M, expenses of $383K, and assets of $11.4M (revenue +6.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $326K, and assets of $10.7M (revenue +48.0% year-over-year).
- 2012: Revenue of $780K, expenses of $254K, and assets of $9.4M (revenue -15.6% year-over-year).
- 2011: Revenue of $924K, expenses of $231K, and assets of $8.4M.
Data Sources and Methodology
This transparency report for Hospice Of East Texas Foundation 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.