Hospice Volunteers Of Somerset County Inc
Hospice Volunteers Of Somerset County Inc shows strong financial solvency with no reported officer compensation.
EIN: 10465864 · Skowhegan, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $132K |
| Total Expenses | $105K |
| Program Spending | 85% |
| Net Assets | $353K |
| Transparency Score | 90/100 |
Is Hospice Volunteers Of Somerset County Inc 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 Somerset County Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hospice Volunteers Of Somerset County Inc
Hospice Volunteers Of Somerset County Inc (EIN: 10465864) is a nonprofit organization based in Skowhegan, ME. The organization reported total revenue of $132K and total assets of $383K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hospice Volunteers Of Somerset County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hospice Volunteers Of Somerset County Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $208K |
| Total Expenses | $105K |
| Surplus / Deficit | +$103K |
| Total Assets | $353K |
| Net Assets | $353K |
| Operating Margin | 49.6% |
| Months of Reserves | 40.4 months |
Financial Health Grade: A
In 2023, Hospice Volunteers Of Somerset County Inc reported a surplus of $103K with revenue exceeding expenses, holds 40.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hospice Volunteers Of Somerset County Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +85.4% | -16.3% | -7.0% |
| 2022 | -25.9% | +16.2% | -5.1% |
| 2021 | +53.2% | -0.5% | +11.0% |
| 2019 | -100.0% | -17.6% | -68.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Somerset County Inc with a Mission Score of 90 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 Volunteers Of Somerset 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 surplus of $103K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 Somerset County Inc:
- Consistent 0% officer compensation, indicating efficient use of funds.
- Strong financial solvency with assets consistently exceeding liabilities (e.g., $353,229 assets vs. $0 liabilities in 2023).
- Positive revenue growth in the most recent filing period ($208,264 in 2023).
- Stable expense management, generally around $100,000-$120,000 annually.
Frequently Asked Questions about Hospice Volunteers Of Somerset County Inc
Is Hospice Volunteers Of Somerset County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hospice Volunteers Of Somerset County Inc (EIN: 10465864) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Hospice Volunteers Of Somerset County Inc spend its money?
Hospice Volunteers Of Somerset County Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hospice Volunteers Of Somerset County Inc tax-deductible?
Hospice Volunteers Of Somerset County Inc is registered as a tax-exempt nonprofit (EIN: 10465864). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hospice Volunteers Of Somerset County Inc's spending goes to programs?
Hospice Volunteers Of Somerset County Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hospice Volunteers Of Somerset County Inc located?
Hospice Volunteers Of Somerset County Inc is headquartered in Skowhegan, Maine and files with the IRS under EIN 10465864.
How many years of IRS 990 filings does Hospice Volunteers Of Somerset County Inc have?
Hospice Volunteers Of Somerset 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 $132K in total revenue.
Is Hospice Volunteers Of Somerset County Inc a good charity?
Based on the provided financial data, Hospice Volunteers Of Somerset County Inc appears to be a good charity. They demonstrate strong financial health with assets consistently exceeding liabilities, and notably, they report 0% officer compensation, indicating efficient use of funds for their mission.
How has the organization's revenue trended recently?
The organization's revenue has shown a positive trend recently, increasing from $112,331 in 2022 to $208,264 in 2023, after a dip in 2022 from $151,608 in 2021.
What is the organization's financial solvency?
Hospice Volunteers Of Somerset County Inc demonstrates strong financial solvency, with assets of $353,229 and $0 liabilities in 2023, and generally healthy asset-to-liability ratios in prior years.
Filing History
IRS 990 filing history for Hospice Volunteers Of Somerset County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hospice Volunteers Of Somerset County Inc's revenue has grown by 102.7%, moving from $103K to $208K. Total assets increased by 124.6% over the same period, from $157K to $353K. Total functional expenses fell by 2%, from $107K to $105K. In its most recent filing year (2023), Hospice Volunteers Of Somerset County Inc reported a surplus of $103K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $208K | $105K | $353K | $0 | — | — |
| 2022 | $112K | $125K | $380K | $134K | — | View 990 |
| 2021 | $152K | $108K | $400K | $141K | — | View 990 |
| 2020 | $99K | $109K | $361K | $145K | — | View 990 |
| 2019 | $0 | $75K | $75K | $0 | — | View 990 |
| 2018 | $99K | $91K | $235K | $16K | — | View 990 |
| 2017 | $107K | $109K | $233K | $16K | — | View 990 |
| 2016 | $109K | $107K | $216K | $16K | — | View 990 |
| 2015 | $158K | $114K | $213K | $15K | — | View 990 |
| 2014 | $95K | $90K | $171K | $17K | — | View 990 |
| 2013 | $104K | $111K | $162K | $12K | — | View 990 |
| 2012 | $110K | $107K | $160K | $2K | — | View 990 |
| 2011 | $103K | $107K | $157K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $208K, expenses of $105K, and assets of $353K (revenue +85.4% year-over-year).
- 2022: Revenue of $112K, expenses of $125K, and assets of $380K (revenue -25.9% year-over-year).
- 2021: Revenue of $152K, expenses of $108K, and assets of $400K (revenue +53.2% year-over-year).
- 2020: Revenue of $99K, expenses of $109K, and assets of $361K.
- 2019: Revenue of $0, expenses of $75K, and assets of $75K (revenue -100.0% year-over-year).
- 2018: Revenue of $99K, expenses of $91K, and assets of $235K (revenue -6.7% year-over-year).
- 2017: Revenue of $107K, expenses of $109K, and assets of $233K (revenue -2.2% year-over-year).
- 2016: Revenue of $109K, expenses of $107K, and assets of $216K (revenue -31.1% year-over-year).
- 2015: Revenue of $158K, expenses of $114K, and assets of $213K (revenue +67.0% year-over-year).
- 2014: Revenue of $95K, expenses of $90K, and assets of $171K (revenue -8.7% year-over-year).
- 2013: Revenue of $104K, expenses of $111K, and assets of $162K (revenue -5.4% year-over-year).
- 2012: Revenue of $110K, expenses of $107K, and assets of $160K (revenue +6.8% year-over-year).
- 2011: Revenue of $103K, expenses of $107K, and assets of $157K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hospice Volunteers Of Somerset County Inc:
Data Sources and Methodology
This transparency report for Hospice Volunteers Of Somerset 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.