Kentucky Hospice Network Inc
EIN: 311530999 · Owensboro, KY · NTEE: B99Z
| Metric | Value |
|---|---|
| Total Revenue | $47K |
| Total Expenses | $44K |
| Net Assets | $22K |
Is Kentucky Hospice Network Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kentucky Hospice Network Inc
Kentucky Hospice Network Inc (EIN: 311530999) is a nonprofit organization based in Owensboro, KY, classified under NTEE code B99Z. The organization reported total revenue of $47K and total assets of $91K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Hospice Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky Hospice Network Inc is a micro nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $44K |
| Surplus / Deficit | $-5,469 |
| Total Assets | $337K |
| Total Liabilities | $316K |
| Net Assets | $22K |
| Operating Margin | -14.4% |
| Debt-to-Asset Ratio | 93.6% |
| Months of Reserves | 93.0 months |
Financial Health Grade: C
In 2023, Kentucky Hospice Network Inc reported a deficit of $5K with expenses exceeding revenue, holds 93.0 months of operating reserves (strong position), has a debt-to-asset ratio of 93.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kentucky Hospice Network Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +278.3% | -6.6% | +8.4% |
| 2022 | -82.2% | +10.6% | -0.9% |
| 2021 | +43.8% | -7.8% | +69.8% |
| 2020 | -30.5% | -10.1% | -23.7% |
| 2019 | -4.8% | -5.1% | +13.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kentucky Hospice Network Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kentucky Hospice Network Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.6%.
Frequently Asked Questions about Kentucky Hospice Network Inc
Is Kentucky Hospice Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kentucky Hospice Network Inc (EIN: 311530999) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kentucky Hospice Network Inc spend its money?
Detailed spending breakdown data is not yet available for Kentucky Hospice Network Inc. Check back for updated IRS 990 analysis.
Are donations to Kentucky Hospice Network Inc tax-deductible?
Kentucky Hospice Network Inc is registered as a tax-exempt nonprofit (EIN: 311530999). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kentucky Hospice Network Inc located?
Kentucky Hospice Network Inc is headquartered in Owensboro, Kentucky and files with the IRS under EIN 311530999. It is classified under NTEE code B99Z.
How many years of IRS 990 filings does Kentucky Hospice Network Inc have?
Kentucky Hospice Network 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 $47K in total revenue.
Filing History
IRS 990 filing history for Kentucky Hospice Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kentucky Hospice Network Inc's revenue has declined by 28.3%, moving from $53K to $38K. Total assets decreased by 46.3% over the same period, from $628K to $337K. Total functional expenses fell by 17.9%, from $53K to $44K. In its most recent filing year (2023), Kentucky Hospice Network Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $316K in liabilities against $337K in assets (debt-to-asset ratio: 93.6%), resulting in net assets of $22K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $44K | $337K | $316K | — | — |
| 2022 | $10K | $47K | $311K | $284K | — | View 990 |
| 2021 | $56K | $42K | $314K | $250K | — | — |
| 2020 | $39K | $46K | $185K | $136K | — | — |
| 2019 | $57K | $51K | $242K | $187K | — | View 990 |
| 2018 | $59K | $54K | $213K | $163K | — | View 990 |
| 2017 | $57K | $45K | $272K | $228K | — | View 990 |
| 2016 | $59K | $61K | $284K | $251K | — | View 990 |
| 2015 | $55K | $49K | $393K | $358K | — | View 990 |
| 2014 | $56K | $57K | $508K | $479K | — | View 990 |
| 2013 | $67K | $65K | $571K | $541K | — | View 990 |
| 2012 | $61K | $59K | $624K | $595K | — | View 990 |
| 2011 | $53K | $53K | $628K | $601K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $44K, and assets of $337K (revenue +278.3% year-over-year).
- 2022: Revenue of $10K, expenses of $47K, and assets of $311K (revenue -82.2% year-over-year).
- 2021: Revenue of $56K, expenses of $42K, and assets of $314K (revenue +43.8% year-over-year).
- 2020: Revenue of $39K, expenses of $46K, and assets of $185K (revenue -30.5% year-over-year).
- 2019: Revenue of $57K, expenses of $51K, and assets of $242K (revenue -4.8% year-over-year).
- 2018: Revenue of $59K, expenses of $54K, and assets of $213K (revenue +4.9% year-over-year).
- 2017: Revenue of $57K, expenses of $45K, and assets of $272K (revenue -3.7% year-over-year).
- 2016: Revenue of $59K, expenses of $61K, and assets of $284K (revenue +6.7% year-over-year).
- 2015: Revenue of $55K, expenses of $49K, and assets of $393K (revenue -1.1% year-over-year).
- 2014: Revenue of $56K, expenses of $57K, and assets of $508K (revenue -16.7% year-over-year).
- 2013: Revenue of $67K, expenses of $65K, and assets of $571K (revenue +10.3% year-over-year).
- 2012: Revenue of $61K, expenses of $59K, and assets of $624K (revenue +14.3% year-over-year).
- 2011: Revenue of $53K, expenses of $53K, and assets of $628K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Hospice Network Inc:
Data Sources and Methodology
This transparency report for Kentucky Hospice Network 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.