New Hope Hospice Inc
New Hope Hospice Inc. reports $0 revenue and assets in its latest filing, indicating a cessation of operations or significant financial distress.
EIN: 10486399 · Eddington, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $660K |
| Net Assets | $267K |
| Transparency Score | 10/100 |
Is New Hope Hospice Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Hope Hospice Inc
New Hope Hospice Inc (EIN: 10486399) is a nonprofit organization based in Eddington, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Hospice Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Hospice Inc is a small nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $624K |
| Total Expenses | $660K |
| Surplus / Deficit | $-36,185 |
| Total Assets | $397K |
| Total Liabilities | $130K |
| Net Assets | $267K |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 32.8% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2016, New Hope Hospice Inc reported a deficit of $36K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 32.8% (moderate leverage).
Financial Trends
Over 6 years of filings (2011–2016), New Hope Hospice Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +0.5% | -1.9% | -8.7% |
| 2015 | -19.5% | -18.3% | -12.7% |
| 2014 | -9.3% | +3.5% | -18.0% |
| 2013 | -14.2% | -15.2% | +17.4% |
| 2012 | +31.3% | -5.9% | +20.7% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Hope Hospice Inc with a Mission Score of 10 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.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, New Hope Hospice Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.8%.
Executive Compensation Analysis
No officer compensation was reported across all six filings, including periods with significant revenue and expenses, suggesting a volunteer-led executive team or that compensation was not classified as officer compensation.
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 New Hope Hospice Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential cessation of operations.
- Consistent trend of expenses exceeding revenue in multiple historical periods (e.g., $660,115 expenses vs. $623,930 revenue in 2016), suggesting financial unsustainability.
- Significant decline in revenue from a peak of $989,149 in 2012 to $0 in the latest period.
Strengths
The following positive indicators were identified for New Hope Hospice Inc:
- No officer compensation reported across all filings, indicating a potentially volunteer-driven or highly cost-conscious leadership structure during its operational years.
Frequently Asked Questions about New Hope Hospice Inc
Is New Hope Hospice Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hope Hospice Inc (EIN: 10486399) significant concerns. Mission Score: 10/100. 3 red flags identified, 1 strength noted.
How does New Hope Hospice Inc spend its money?
Detailed spending breakdown data is not yet available for New Hope Hospice Inc. Check back for updated IRS 990 analysis.
Are donations to New Hope Hospice Inc tax-deductible?
New Hope Hospice Inc is registered as a tax-exempt nonprofit (EIN: 10486399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Hope Hospice Inc located?
New Hope Hospice Inc is headquartered in Eddington, Maine and files with the IRS under EIN 10486399.
How many years of IRS 990 filings does New Hope Hospice Inc have?
New Hope Hospice Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is New Hope Hospice Inc. still operational?
Based on the latest filing reporting $0 in revenue and assets, it is highly unlikely that New Hope Hospice Inc. is still actively operating as a hospice service provider.
What happened to New Hope Hospice Inc.'s assets and revenue?
The provided data does not explain the sudden drop from hundreds of thousands in assets and revenue to $0. This could indicate a merger, dissolution, or a significant change in reporting status not detailed in the provided IRS 990 summary.
How did New Hope Hospice Inc. manage its finances historically?
Historically, New Hope Hospice Inc. frequently spent more than it earned, with expenses exceeding revenue in 4 out of 6 reported periods (2016, 2015, 2014, 2011). This suggests a reliance on accumulated assets or other funding sources to cover operational deficits.
Filing History
IRS 990 filing history for New Hope Hospice Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), New Hope Hospice Inc's revenue has declined by 17.2%, moving from $753K to $624K. Total assets decreased by 7.4% over the same period, from $428K to $397K. Total functional expenses fell by 33.9%, from $999K to $660K. In its most recent filing year (2016), New Hope Hospice Inc reported a deficit of $36K, with expenses exceeding revenue. The organization holds $130K in liabilities against $397K in assets (debt-to-asset ratio: 32.8%), resulting in net assets of $267K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $624K | $660K | $397K | $130K | — | View 990 |
| 2015 | $621K | $673K | $434K | $132K | — | View 990 |
| 2014 | $771K | $824K | $497K | $142K | — | View 990 |
| 2013 | $849K | $797K | $607K | $199K | — | View 990 |
| 2012 | $989K | $940K | $517K | $163K | — | View 990 |
| 2011 | $753K | $999K | $428K | $124K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $624K, expenses of $660K, and assets of $397K (revenue +0.5% year-over-year).
- 2015: Revenue of $621K, expenses of $673K, and assets of $434K (revenue -19.5% year-over-year).
- 2014: Revenue of $771K, expenses of $824K, and assets of $497K (revenue -9.3% year-over-year).
- 2013: Revenue of $849K, expenses of $797K, and assets of $607K (revenue -14.2% year-over-year).
- 2012: Revenue of $989K, expenses of $940K, and assets of $517K (revenue +31.3% year-over-year).
- 2011: Revenue of $753K, expenses of $999K, and assets of $428K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Hospice Inc:
Data Sources and Methodology
This transparency report for New Hope 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.