Ihc Hospice Inc
Ihc Hospice Inc. faces declining revenue and recurring deficits, with liabilities exceeding assets in its latest filing.
EIN: 200063696 · Savannah, GA · NTEE: P74 · Updated: 2026-03-28
Is Ihc Hospice Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ihc Hospice Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ihc Hospice Inc
Ihc Hospice Inc (EIN: 200063696) is a nonprofit organization based in Savannah, GA, classified under NTEE code P74. The organization reported total revenue of $1.1M and total assets of $453K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ihc Hospice Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ihc Hospice Inc is a mid-size nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -15.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $411K |
| Total Expenses | $493K |
| Surplus / Deficit | $-82,030 |
| Total Assets | $340K |
| Total Liabilities | $370K |
| Net Assets | $-30,091 |
| Operating Margin | -19.9% |
| Debt-to-Asset Ratio | 108.8% |
| Months of Reserves | 8.3 months |
Financial Health Grade: C
In 2022, Ihc Hospice Inc reported a deficit of $82K with expenses exceeding revenue, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 108.8% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Ihc Hospice Inc's revenue has declined at a compound annual growth rate (CAGR) of -15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -30.4% | -10.1% | -1.7% |
| 2021 | -15.3% | -57.3% | -0.4% |
| 2020 | -5.9% | +77.1% | -53.6% |
| 2019 | -39.0% | -48.3% | +0.6% |
| 2018 | -19.9% | -15.4% | -27.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Ihc Hospice Inc with a Mission Score of 65 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Ihc Hospice Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $82K, with expenses exceeding revenue.
- Debt-to-asset ratio: 108.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led or externally managed executive structure.
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 Ihc Hospice Inc's IRS 990 filings:
- Declining revenue trend from $2,291,607 in 2016 to $411,299 in 2022.
- Recurring deficits where expenses exceed revenue (e.g., 2022, 2020, 2018, 2017, 2014, 2013).
- Liabilities ($370,349) exceeding assets ($340,258) in the 2022 filing.
- Significant decrease in assets from $1,094,688 in 2016 to $340,258 in 2022.
Strengths
The following positive indicators were identified for Ihc Hospice Inc:
- Consistent reporting of 0% officer compensation, indicating no executive salaries.
- Long history of IRS 990 filings (12 filings), suggesting transparency in reporting.
Frequently Asked Questions about Ihc Hospice Inc
Is Ihc Hospice Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ihc Hospice Inc (EIN: 200063696) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Ihc Hospice Inc spend its money?
Ihc Hospice Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ihc Hospice Inc tax-deductible?
Ihc Hospice Inc is registered as a tax-exempt nonprofit (EIN: 200063696). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ihc Hospice Inc. financially stable?
Based on the filings, Ihc Hospice Inc. has shown signs of financial instability, with revenue declining from $2,291,607 in 2016 to $411,299 in 2022, and expenses frequently exceeding revenue, leading to deficits. In 2022, liabilities ($370,349) also exceeded assets ($340,258).
How does Ihc Hospice Inc. manage its executive compensation?
Ihc Hospice Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers.
What is the trend in Ihc Hospice Inc.'s assets?
The organization's assets have significantly decreased from a peak of $1,094,688 in 2016 to $340,258 in 2022, indicating a shrinking financial base.
Is Ihc Hospice Inc. efficient in its spending?
While the 0% officer compensation suggests efficiency in executive overhead, the recurring deficits (e.g., $493,329 expenses vs. $411,299 revenue in 2022) indicate challenges in managing overall expenses relative to revenue.
Filing History
IRS 990 filing history for Ihc Hospice Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Ihc Hospice Inc's revenue has declined by 83.6%, moving from $2.5M to $411K. Total assets decreased by 49.3% over the same period, from $671K to $340K. Total functional expenses fell by 78.6%, from $2.3M to $493K. In its most recent filing year (2022), Ihc Hospice Inc reported a deficit of $82K, with expenses exceeding revenue. The organization holds $370K in liabilities against $340K in assets (debt-to-asset ratio: 108.8%), resulting in net assets of $-30,091.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $411K | $493K | $340K | $370K | — | View 990 |
| 2021 | $591K | $549K | $346K | $294K | — | View 990 |
| 2020 | $698K | $1.3M | $348K | $338K | — | View 990 |
| 2019 | $742K | $726K | $749K | $151K | — | View 990 |
| 2018 | $1.2M | $1.4M | $745K | $162K | — | View 990 |
| 2017 | $1.5M | $1.7M | $1.0M | $250K | — | View 990 |
| 2016 | $2.3M | $2.0M | $1.1M | $181K | — | View 990 |
| 2015 | $2.0M | $2.0M | $787K | $183K | — | View 990 |
| 2014 | $1.7M | $1.9M | $769K | $231K | — | View 990 |
| 2013 | $2.0M | $2.1M | $876K | $198K | — | View 990 |
| 2012 | $2.3M | $2.2M | $863K | $125K | — | View 990 |
| 2011 | $2.5M | $2.3M | $671K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $411K, expenses of $493K, and assets of $340K (revenue -30.4% year-over-year).
- 2021: Revenue of $591K, expenses of $549K, and assets of $346K (revenue -15.3% year-over-year).
- 2020: Revenue of $698K, expenses of $1.3M, and assets of $348K (revenue -5.9% year-over-year).
- 2019: Revenue of $742K, expenses of $726K, and assets of $749K (revenue -39.0% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.4M, and assets of $745K (revenue -19.9% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.7M, and assets of $1.0M (revenue -33.8% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.0M, and assets of $1.1M (revenue +11.8% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.0M, and assets of $787K (revenue +18.5% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.9M, and assets of $769K (revenue -14.5% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.1M, and assets of $876K (revenue -11.0% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.2M, and assets of $863K (revenue -9.5% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.3M, and assets of $671K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ihc Hospice Inc:
Data Sources and Methodology
This transparency report for Ihc Hospice 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.