Hospice Of Southern Maine
Hospice Of Southern Maine shows consistent revenue growth and strong asset accumulation with reported zero officer compensation.
EIN: 10540180 · Scarborough, ME · NTEE: P74 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.3M |
| Total Expenses | $20.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $26.3M |
| Transparency Score | 92/100 |
Is Hospice Of Southern Maine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hospice Of Southern Maine directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hospice Of Southern Maine
Hospice Of Southern Maine (EIN: 10540180) is a nonprofit organization based in Scarborough, ME, classified under NTEE code P74. The organization reported total revenue of $23.3M and total assets of $30.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospice Of Southern Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hospice Of Southern Maine is a large nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.5M |
| Total Expenses | $20.4M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $28.7M |
| Total Liabilities | $2.3M |
| Net Assets | $26.3M |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 8.2% |
| Months of Reserves | 16.9 months |
Financial Health Grade: A
In 2023, Hospice Of Southern Maine reported a surplus of $2.1M with revenue exceeding expenses, holds 16.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hospice Of Southern Maine's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.7% | +6.8% | +8.3% |
| 2022 | -0.8% | +4.9% | -7.1% |
| 2021 | +2.0% | +8.2% | +2.9% |
| 2020 | -1.2% | +8.2% | +14.3% |
| 2019 | +1.9% | +2.5% | +20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Southern Maine with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hospice Of Southern Maine allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.2%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization with over $20 million in annual revenue and suggests either a unique compensation structure where leadership is not classified as 'officers' for 990 purposes, or a reliance on volunteer leadership, which would be a significant strength in directing funds to mission.
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 Southern Maine's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure actual executive remuneration if classified differently.
Strengths
The following positive indicators were identified for Hospice Of Southern Maine:
- Consistent revenue growth over the past decade, from $11.4M in 2014 to $22.5M in 2023.
- Strong asset accumulation, reaching $28.6M in 2023, indicating financial health and capacity.
- Consistent positive net income in most years, demonstrating effective financial management.
- Healthy asset-to-liability ratio, with assets significantly exceeding liabilities ($28.6M assets vs. $2.3M liabilities in 2023).
- Focus on mission-critical services as a hospice provider, with likely high program spending.
Frequently Asked Questions about Hospice Of Southern Maine
Is Hospice Of Southern Maine a legitimate charity?
Hospice Of Southern Maine (EIN: 10540180) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $23.3M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Hospice Of Southern Maine spend its money?
Hospice Of Southern Maine directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Hospice Of Southern Maine tax-deductible?
Hospice Of Southern Maine is registered as a tax-exempt nonprofit (EIN: 10540180). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hospice Of Southern Maine CEO make?
Hospice Of Southern Maine's highest-compensated officer earns $20 annually. The organization reported $23.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hospice Of Southern Maine's spending goes to programs?
Hospice Of Southern Maine directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hospice Of Southern Maine compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hospice Of Southern Maine is above average for NTEE category P74 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hospice Of Southern Maine located?
Hospice Of Southern Maine is headquartered in Scarborough, Maine and files with the IRS under EIN 10540180. It is classified under NTEE code P74.
How many years of IRS 990 filings does Hospice Of Southern Maine have?
Hospice Of Southern Maine 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 $23.3M in total revenue.
How does Hospice Of Southern Maine manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation on the IRS 990s for an organization of this size ($22.5M revenue in 2023) is highly unusual. It could indicate that executive leadership is compensated through a related entity, classified differently (e.g., as employees rather than officers), or that the organization relies heavily on volunteer leadership for its top positions. Further investigation into their organizational structure and compensation policies would be needed for a definitive answer.
Is Hospice Of Southern Maine financially stable?
Yes, Hospice Of Southern Maine appears financially stable. The organization has consistently grown its revenue from $11.4 million in 2014 to $22.5 million in 2023 and has built a substantial asset base of $28.6 million by 2023, significantly exceeding its liabilities of $2.3 million. It has also consistently operated with a surplus in most years, indicating sound financial management.
What is the trend in the organization's assets?
Hospice Of Southern Maine has shown a strong upward trend in its assets, growing from $12.6 million in 2014 to $28.6 million in 2023. This nearly 127% increase over a decade indicates effective financial management and accumulation of resources to support its mission.
Filing History
IRS 990 filing history for Hospice Of Southern Maine showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hospice Of Southern Maine's revenue has grown by 145.1%, moving from $9.2M to $22.5M. Total assets increased by 227% over the same period, from $8.8M to $28.7M. Total functional expenses rose by 132%, from $8.8M to $20.4M. In its most recent filing year (2023), Hospice Of Southern Maine reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $28.7M in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $26.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.5M | $20.4M | $28.7M | $2.3M | — | View 990 |
| 2022 | $19.0M | $19.1M | $26.5M | $2.7M | — | — |
| 2021 | $19.1M | $18.2M | $28.5M | $3.7M | — | — |
| 2020 | $18.8M | $16.8M | $27.7M | $4.1M | — | View 990 |
| 2019 | $19.0M | $15.5M | $24.2M | $2.9M | — | View 990 |
| 2018 | $18.6M | $15.2M | $20.2M | $2.7M | — | View 990 |
| 2017 | $15.0M | $13.7M | $17.0M | $2.8M | — | View 990 |
| 2016 | $15.3M | $13.4M | $15.3M | $2.7M | — | View 990 |
| 2015 | $12.2M | $11.5M | $13.1M | $2.6M | — | View 990 |
| 2014 | $11.4M | $11.2M | $12.6M | $2.8M | — | View 990 |
| 2013 | $11.8M | $10.4M | $12.5M | $2.9M | — | View 990 |
| 2012 | $12.5M | $10.1M | $11.3M | $3.3M | — | View 990 |
| 2011 | $9.2M | $8.8M | $8.8M | $3.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.5M, expenses of $20.4M, and assets of $28.7M (revenue +18.7% year-over-year).
- 2022: Revenue of $19.0M, expenses of $19.1M, and assets of $26.5M (revenue -0.8% year-over-year).
- 2021: Revenue of $19.1M, expenses of $18.2M, and assets of $28.5M (revenue +2.0% year-over-year).
- 2020: Revenue of $18.8M, expenses of $16.8M, and assets of $27.7M (revenue -1.2% year-over-year).
- 2019: Revenue of $19.0M, expenses of $15.5M, and assets of $24.2M (revenue +1.9% year-over-year).
- 2018: Revenue of $18.6M, expenses of $15.2M, and assets of $20.2M (revenue +24.4% year-over-year).
- 2017: Revenue of $15.0M, expenses of $13.7M, and assets of $17.0M (revenue -2.3% year-over-year).
- 2016: Revenue of $15.3M, expenses of $13.4M, and assets of $15.3M (revenue +25.3% year-over-year).
- 2015: Revenue of $12.2M, expenses of $11.5M, and assets of $13.1M (revenue +6.9% year-over-year).
- 2014: Revenue of $11.4M, expenses of $11.2M, and assets of $12.6M (revenue -2.9% year-over-year).
- 2013: Revenue of $11.8M, expenses of $10.4M, and assets of $12.5M (revenue -5.7% year-over-year).
- 2012: Revenue of $12.5M, expenses of $10.1M, and assets of $11.3M (revenue +35.8% year-over-year).
- 2011: Revenue of $9.2M, expenses of $8.8M, and assets of $8.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hospice Of Southern Maine:
Data Sources and Methodology
This transparency report for Hospice Of Southern Maine 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.