Hospice Volunteers Of Hancock County
Hospice Volunteers Of Hancock County maintains strong assets and zero officer compensation, indicating efficient, volunteer-led operations.
EIN: 10385020 · Ellsworth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $281K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.3M |
| Transparency Score | 95/100 |
Is Hospice Volunteers Of Hancock County Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hospice Volunteers Of Hancock County directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hospice Volunteers Of Hancock County
Hospice Volunteers Of Hancock County (EIN: 10385020) is a nonprofit organization based in Ellsworth, ME. The organization reported total revenue of $1.1M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospice Volunteers Of Hancock County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hospice Volunteers Of Hancock County is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $288K |
| Total Expenses | $281K |
| Surplus / Deficit | +$7K |
| Total Assets | $1.3M |
| Total Liabilities | $9K |
| Net Assets | $1.3M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 57.0 months |
Financial Health Grade: A
In 2023, Hospice Volunteers Of Hancock County reported a surplus of $7K with revenue exceeding expenses, holds 57.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hospice Volunteers Of Hancock County's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | +6.1% | +11.0% |
| 2022 | -49.0% | -9.8% | -11.6% |
| 2021 | +54.7% | +2.1% | +24.8% |
| 2020 | +24.2% | -7.5% | -3.5% |
| 2019 | +12.9% | +3.0% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Volunteers Of Hancock County with a Mission Score of 95 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 Volunteers Of Hancock County 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 $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with over $1 million in assets.
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.
Strengths
The following positive indicators were identified for Hospice Volunteers Of Hancock County:
- Zero officer compensation, indicating volunteer-led leadership and efficient use of funds.
- Strong and growing asset base, reaching $1,582,788, providing financial stability and resilience.
- Consistent history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
- Prudent financial management, with expenses generally kept within revenue, as seen in 2023 ($287,635 revenue vs. $281,057 expenses).
Frequently Asked Questions about Hospice Volunteers Of Hancock County
Is Hospice Volunteers Of Hancock County a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospice Volunteers Of Hancock County (EIN: 10385020) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Hospice Volunteers Of Hancock County spend its money?
Hospice Volunteers Of Hancock County directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hospice Volunteers Of Hancock County tax-deductible?
Hospice Volunteers Of Hancock County is registered as a tax-exempt nonprofit (EIN: 10385020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hospice Volunteers Of Hancock County CEO make?
Hospice Volunteers Of Hancock County's highest-compensated officer earns $1 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hospice Volunteers Of Hancock County's spending goes to programs?
Hospice Volunteers Of Hancock County directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hospice Volunteers Of Hancock County located?
Hospice Volunteers Of Hancock County is headquartered in Ellsworth, Maine and files with the IRS under EIN 10385020.
How many years of IRS 990 filings does Hospice Volunteers Of Hancock County have?
Hospice Volunteers Of Hancock County 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 $1.1M in total revenue.
Is Hospice Volunteers Of Hancock County a good charity?
Based on the provided financial data, Hospice Volunteers Of Hancock County appears to be a very good charity. It demonstrates strong financial health with over $1.5 million in assets, consistent operational efficiency, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses well within its revenue. For example, in 2023, revenue was $287,635 against expenses of $281,057. While there were a few years where expenses slightly exceeded revenue (e.g., 2019 and 2018), the overall trend shows prudent financial management and a healthy reserve to cover such minor deficits.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $1,152,104 in 2014 to $1,582,788 in the latest period. This indicates strong financial stewardship and the accumulation of reserves, enhancing its long-term stability.
Filing History
IRS 990 filing history for Hospice Volunteers Of Hancock County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hospice Volunteers Of Hancock County's revenue has grown by 10.8%, moving from $260K to $288K. Total assets increased by 73.8% over the same period, from $768K to $1.3M. Total functional expenses rose by 13%, from $249K to $281K. In its most recent filing year (2023), Hospice Volunteers Of Hancock County reported a surplus of $7K, with revenue exceeding expenses. The organization holds $9K in liabilities against $1.3M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $288K | $281K | $1.3M | $9K | — | View 990 |
| 2022 | $265K | $265K | $1.2M | $2K | — | View 990 |
| 2021 | $520K | $294K | $1.4M | $10K | — | View 990 |
| 2020 | $336K | $288K | $1.1M | $11K | — | View 990 |
| 2019 | $271K | $311K | $1.1M | $8K | — | View 990 |
| 2018 | $240K | $302K | $1.2M | $10K | — | View 990 |
| 2017 | $368K | $300K | $1.2M | $11K | — | View 990 |
| 2016 | $232K | $280K | $1.1M | $2K | — | View 990 |
| 2015 | $270K | $275K | $1.1M | $3K | — | View 990 |
| 2014 | $324K | $262K | $1.2M | $5K | — | View 990 |
| 2013 | $307K | $251K | $1.0M | $5K | — | View 990 |
| 2012 | $463K | $262K | $990K | $4K | — | View 990 |
| 2011 | $260K | $249K | $768K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $288K, expenses of $281K, and assets of $1.3M (revenue +8.6% year-over-year).
- 2022: Revenue of $265K, expenses of $265K, and assets of $1.2M (revenue -49.0% year-over-year).
- 2021: Revenue of $520K, expenses of $294K, and assets of $1.4M (revenue +54.7% year-over-year).
- 2020: Revenue of $336K, expenses of $288K, and assets of $1.1M (revenue +24.2% year-over-year).
- 2019: Revenue of $271K, expenses of $311K, and assets of $1.1M (revenue +12.9% year-over-year).
- 2018: Revenue of $240K, expenses of $302K, and assets of $1.2M (revenue -34.9% year-over-year).
- 2017: Revenue of $368K, expenses of $300K, and assets of $1.2M (revenue +58.5% year-over-year).
- 2016: Revenue of $232K, expenses of $280K, and assets of $1.1M (revenue -14.0% year-over-year).
- 2015: Revenue of $270K, expenses of $275K, and assets of $1.1M (revenue -16.7% year-over-year).
- 2014: Revenue of $324K, expenses of $262K, and assets of $1.2M (revenue +5.5% year-over-year).
- 2013: Revenue of $307K, expenses of $251K, and assets of $1.0M (revenue -33.7% year-over-year).
- 2012: Revenue of $463K, expenses of $262K, and assets of $990K (revenue +78.3% year-over-year).
- 2011: Revenue of $260K, expenses of $249K, and assets of $768K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hospice Volunteers Of Hancock County:
Data Sources and Methodology
This transparency report for Hospice Volunteers Of Hancock County 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.