Huggins Hospital
Huggins Hospital shows consistent revenue growth and positive financial performance over the last decade.
EIN: 20223332 · Wolfeboro, NH · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $127.8M |
| Total Expenses | $98.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $104.4 |
| Net Assets | $98.0M |
| Transparency Score | 85/100 |
Is Huggins Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Huggins Hospital directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Huggins Hospital
Huggins Hospital (EIN: 20223332) is a nonprofit organization based in Wolfeboro, NH, classified under NTEE code E220. The organization reported total revenue of $127.8M and total assets of $172.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Huggins Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Huggins Hospital is a major nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $104.4M |
| Total Expenses | $98.1M |
| Surplus / Deficit | +$6.3M |
| Total Assets | $156.8M |
| Total Liabilities | $58.8M |
| Net Assets | $98.0M |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 37.5% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, Huggins Hospital reported a surplus of $6.3M with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 37.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Huggins Hospital's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | +4.8% | +3.9% |
| 2022 | +5.1% | +17.3% | -15.4% |
| 2021 | +27.2% | +17.0% | +8.3% |
| 2020 | +2.8% | +4.6% | +25.5% |
| 2019 | +8.2% | +8.7% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Huggins Hospital 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Huggins Hospital allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $6.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.5%.
Executive Compensation Analysis
The provided data consistently reports 0% for officer compensation across all filings, which is unusual for an organization of Huggins Hospital's size and revenue ($104.4 million in 2023). This suggests that executive salaries may be categorized under other expense lines or not captured in this specific data point, warranting further scrutiny for complete compensation transparency.
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 Huggins Hospital's IRS 990 filings:
- Lack of reported officer compensation for a large organization, raising transparency questions about executive pay.
Strengths
The following positive indicators were identified for Huggins Hospital:
- Consistent and strong revenue growth, from $48.7M in 2014 to $104.4M in 2023.
- Positive net income maintained over the past decade, indicating sound financial management.
- Healthy asset growth, from $105.7M in 2014 to $156.7M in 2023, demonstrating reinvestment capacity.
- NTEE code E220 (General Hospitals) suggests a high proportion of spending is directly on program services.
Frequently Asked Questions about Huggins Hospital
Is Huggins Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Huggins Hospital (EIN: 20223332) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Huggins Hospital spend its money?
Huggins Hospital directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Huggins Hospital tax-deductible?
Huggins Hospital is registered as a tax-exempt nonprofit (EIN: 20223332). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Huggins Hospital CEO make?
Huggins Hospital's highest-compensated officer earns $104.4 annually. The organization reported $127.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Huggins Hospital's spending goes to programs?
Huggins Hospital directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Huggins Hospital compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Huggins Hospital is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Huggins Hospital located?
Huggins Hospital is headquartered in Wolfeboro, New Hampshire and files with the IRS under EIN 20223332. It is classified under NTEE code E220.
How many years of IRS 990 filings does Huggins Hospital have?
Huggins Hospital 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 $127.8M in total revenue.
How are executive salaries accounted for if officer compensation is consistently reported as 0%?
The provided data indicates 0% for officer compensation across all filings. For an organization with over $100 million in revenue, this is highly unusual and suggests that executive salaries are either not categorized under 'officer compensation' in this summary data or are reported differently within the full 990 form, requiring a deeper dive into the detailed expense schedules.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. While the NTEE code E220 (General Hospitals) implies a high program spending ratio, a precise breakdown from the full 990 would be necessary for a definitive assessment of spending efficiency.
What is the hospital's strategy for managing its liabilities, which have fluctuated significantly?
Liabilities have fluctuated, for example, from $83.9 million in 2020 to $58.7 million in 2023. Understanding the nature of these liabilities (e.g., bonds, operational debt) and the hospital's strategy for managing them would provide further insight into its financial risk profile.
Filing History
IRS 990 filing history for Huggins Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Huggins Hospital's revenue has grown by 76.3%, moving from $59.2M to $104.4M. Total assets increased by 56.6% over the same period, from $100.1M to $156.8M. Total functional expenses rose by 57.8%, from $62.2M to $98.1M. In its most recent filing year (2023), Huggins Hospital reported a surplus of $6.3M, with revenue exceeding expenses. The organization holds $58.8M in liabilities against $156.8M in assets (debt-to-asset ratio: 37.5%), resulting in net assets of $98.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $104.4M | $98.1M | $156.8M | $58.8M | — | — |
| 2022 | $96.8M | $93.6M | $150.9M | $63.8M | — | — |
| 2021 | $92.2M | $79.9M | $178.3M | $77.4M | — | View 990 |
| 2020 | $72.5M | $68.3M | $164.5M | $83.9M | — | — |
| 2019 | $70.5M | $65.2M | $131.1M | $54.2M | — | View 990 |
| 2018 | $65.1M | $60.0M | $129.6M | $51.0M | — | View 990 |
| 2017 | $59.1M | $57.5M | $124.1M | $54.7M | — | View 990 |
| 2016 | $54.9M | $54.8M | $116.4M | $54.7M | — | View 990 |
| 2015 | $53.3M | $53.6M | $109.5M | $47.5M | — | View 990 |
| 2014 | $48.7M | $53.1M | $105.8M | $44.4M | — | View 990 |
| 2013 | $53.9M | $53.3M | $106.3M | $40.3M | — | View 990 |
| 2012 | $54.2M | $54.1M | $104.7M | $42.0M | — | View 990 |
| 2011 | $59.2M | $62.2M | $100.1M | $38.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104.4M, expenses of $98.1M, and assets of $156.8M (revenue +7.9% year-over-year).
- 2022: Revenue of $96.8M, expenses of $93.6M, and assets of $150.9M (revenue +5.1% year-over-year).
- 2021: Revenue of $92.2M, expenses of $79.9M, and assets of $178.3M (revenue +27.2% year-over-year).
- 2020: Revenue of $72.5M, expenses of $68.3M, and assets of $164.5M (revenue +2.8% year-over-year).
- 2019: Revenue of $70.5M, expenses of $65.2M, and assets of $131.1M (revenue +8.2% year-over-year).
- 2018: Revenue of $65.1M, expenses of $60.0M, and assets of $129.6M (revenue +10.2% year-over-year).
- 2017: Revenue of $59.1M, expenses of $57.5M, and assets of $124.1M (revenue +7.5% year-over-year).
- 2016: Revenue of $54.9M, expenses of $54.8M, and assets of $116.4M (revenue +3.2% year-over-year).
- 2015: Revenue of $53.3M, expenses of $53.6M, and assets of $109.5M (revenue +9.3% year-over-year).
- 2014: Revenue of $48.7M, expenses of $53.1M, and assets of $105.8M (revenue -9.6% year-over-year).
- 2013: Revenue of $53.9M, expenses of $53.3M, and assets of $106.3M (revenue -0.6% year-over-year).
- 2012: Revenue of $54.2M, expenses of $54.1M, and assets of $104.7M (revenue -8.5% year-over-year).
- 2011: Revenue of $59.2M, expenses of $62.2M, and assets of $100.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Huggins Hospital:
Data Sources and Methodology
This transparency report for Huggins Hospital 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.