Niagara Hospice Inc
Niagara Hospice: Stable Finances, High Program Spending, but Declining Revenue
EIN: 222524016 · Lockport, NY · NTEE: P74Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $19.7M |
| Total Expenses | $18.9M |
| Program Spending | 85% |
| Net Assets | $15.4M |
| Transparency Score | 85/100 |
Is Niagara Hospice Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Niagara Hospice Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Niagara Hospice Inc
Niagara Hospice Inc (EIN: 222524016) is a nonprofit organization based in Lockport, NY, classified under NTEE code P74Z. The organization reported total revenue of $19.7M and total assets of $17.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Niagara Hospice Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Niagara Hospice Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.8M |
| Total Expenses | $18.9M |
| Surplus / Deficit | $-1,033,011 |
| Total Assets | $17.6M |
| Total Liabilities | $2.2M |
| Net Assets | $15.4M |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 12.3% |
| Months of Reserves | 11.2 months |
Financial Health Grade: B
In 2023, Niagara Hospice Inc reported a deficit of $1.0M with expenses exceeding revenue, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 12.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Niagara Hospice Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.9% | +11.6% | -4.9% |
| 2022 | -8.7% | +8.0% | +6.2% |
| 2021 | +17.4% | +3.4% | +8.7% |
| 2020 | +25.6% | +15.3% | +27.3% |
| 2019 | -3.9% | +1.2% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Niagara Hospice Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Niagara Hospice 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 deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.3%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific data on individual salaries, as the provided data only includes aggregated revenue and expenses.
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 Niagara Hospice Inc's IRS 990 filings:
- Revenue has shown a declining trend from $19,351,682 in 2021 to $17,831,708 in 2023, which could impact future service delivery.
- Expenses have exceeded revenue in 2023 ($18,864,719 vs $17,831,708), leading to a deficit for the year.
Strengths
The following positive indicators were identified for Niagara Hospice Inc:
- Consistently high program spending, indicating a strong focus on its mission.
- Healthy asset base of $17,652,077 as of 2023, providing financial stability.
- Long operational history since 1974, demonstrating sustained community impact.
Frequently Asked Questions about Niagara Hospice Inc
Is Niagara Hospice Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Niagara Hospice Inc (EIN: 222524016) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Niagara Hospice Inc spend its money?
Niagara Hospice Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Niagara Hospice Inc tax-deductible?
Niagara Hospice Inc is registered as a tax-exempt nonprofit (EIN: 222524016). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Niagara Hospice Inc's spending goes to programs?
Niagara Hospice Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Niagara Hospice Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Niagara Hospice Inc is above average for NTEE category P74Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Niagara Hospice Inc located?
Niagara Hospice Inc is headquartered in Lockport, New York and files with the IRS under EIN 222524016. It is classified under NTEE code P74Z.
How many years of IRS 990 filings does Niagara Hospice Inc have?
Niagara Hospice 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 $19.7M in total revenue.
What does Niagara Hospice Inc do?
Niagara Hospice Inc is a nonprofit organization in the Human Services sector, located in Lockport, New York. It is classified under NTEE code P74Z.
How much revenue does Niagara Hospice Inc have?
Niagara Hospice Inc reported total revenue of $19,743,148. Based on 13 IRS 990 filings on record.
What are Niagara Hospice Inc's total assets?
Niagara Hospice Inc holds total assets of $17,652,077 as reported in IRS 990 filings.
Where is Niagara Hospice Inc located?
Niagara Hospice Inc is based in Lockport, New York.
What is Niagara Hospice Inc's EIN?
Niagara Hospice Inc's Employer Identification Number (EIN) is 222524016. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Niagara Hospice Inc?
Niagara Hospice Inc is classified under NTEE code P74Z (Human Services).
Is Niagara Hospice Inc a registered 501(c)(3)?
Yes, Niagara Hospice Inc is recognized as a tax-exempt organization by the IRS. EIN: 222524016.
Does Niagara Hospice Inc file IRS Form 990?
Yes, Niagara Hospice Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Niagara Hospice Inc's revenue in 2023?
In the 202306 filing period, Niagara Hospice Inc reported total revenue of $17,831,708, total expenses of $18,864,719, and net assets of $17,560,714.
Is Niagara Hospice Inc's revenue growing or declining?
Niagara Hospice Inc's revenue is relatively stable. Revenue went from $17,674,467 (202206) to $17,831,708 (202306), a +0.9% change. Based on 13 filings on record.
What is Niagara Hospice Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Niagara Hospice Inc covers tax period 202306. It shows revenue of $17,831,708, expenses of $18,864,719, total assets of $17,560,714, and liabilities of $2,157,756.
How much does Niagara Hospice Inc spend on programs vs administration?
Based on IRS 990 analysis, Niagara Hospice Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Niagara Hospice Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Niagara Hospice Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Niagara Hospice Inc?
The following concerns were identified: Revenue has shown a declining trend from $19,351,682 in 2021 to $17,831,708 in 2023, which could impact future service delivery.. Expenses have exceeded revenue in 2023 ($18,864,719 vs $17,831,708), leading to a deficit for the year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Niagara Hospice Inc's strengths?
Positive indicators for Niagara Hospice Inc include: Consistently high program spending, indicating a strong focus on its mission.. Healthy asset base of $17,652,077 as of 2023, providing financial stability.. Long operational history since 1974, demonstrating sustained community impact.. These findings are derived from AI analysis of the organization's financial filings.
How does Niagara Hospice Inc compensate executives?
Executive compensation cannot be assessed without specific data on individual salaries, as the provided data only includes aggregated revenue and expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Niagara Hospice Inc?
• Financial data is consistently reported across multiple years, indicating a commitment to transparency. • The organization's 990 filings are publicly accessible, providing detailed financial breakdowns. • No significant discrepancies or red flags were found in the provided financial data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the recent trend of expenses exceeding revenue impact Niagara Hospice's long-term sustainability, especially given the decline in revenue from 2021 to 2023?
The 2023 deficit, where expenses ($18,864,719) surpassed revenue ($17,831,708), coupled with a revenue decline from $19,351,682 in 2021, suggests a potential challenge to long-term sustainability if not addressed. While assets remain strong, continued deficits could erode reserves over time.
What strategies might Niagara Hospice employ to reverse the recent revenue decline and ensure continued financial health?
To reverse the revenue decline, Niagara Hospice could explore diversifying funding sources beyond traditional streams, enhancing fundraising campaigns, or evaluating service pricing models. Additionally, cost-containment strategies could be implemented without compromising program quality.
Filing History
IRS 990 filing history for Niagara Hospice Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Niagara Hospice Inc's revenue has grown by 46.8%, moving from $12.1M to $17.8M. Total assets increased by 60.1% over the same period, from $11.0M to $17.6M. Total functional expenses rose by 52.3%, from $12.4M to $18.9M. In its most recent filing year (2023), Niagara Hospice Inc reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $17.6M in assets (debt-to-asset ratio: 12.3%), resulting in net assets of $15.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.8M | $18.9M | $17.6M | $2.2M | — | View 990 |
| 2022 | $17.7M | $16.9M | $18.5M | $2.1M | — | View 990 |
| 2021 | $19.4M | $15.7M | $17.4M | $1.6M | — | View 990 |
| 2020 | $16.5M | $15.1M | $16.0M | $4.2M | — | View 990 |
| 2019 | $13.1M | $13.1M | $12.6M | $2.1M | — | View 990 |
| 2018 | $13.7M | $13.0M | $12.4M | $2.0M | — | View 990 |
| 2017 | $13.8M | $12.8M | $11.7M | $2.0M | — | View 990 |
| 2016 | $12.3M | $12.3M | $10.9M | $2.4M | — | View 990 |
| 2015 | $13.4M | $12.9M | $10.9M | $2.4M | — | View 990 |
| 2014 | $12.9M | $12.1M | $10.5M | $2.4M | — | View 990 |
| 2013 | $12.7M | $12.7M | $10.5M | $3.2M | — | View 990 |
| 2012 | $11.8M | $12.2M | $10.6M | $3.3M | — | View 990 |
| 2011 | $12.1M | $12.4M | $11.0M | $3.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.8M, expenses of $18.9M, and assets of $17.6M (revenue +0.9% year-over-year).
- 2022: Revenue of $17.7M, expenses of $16.9M, and assets of $18.5M (revenue -8.7% year-over-year).
- 2021: Revenue of $19.4M, expenses of $15.7M, and assets of $17.4M (revenue +17.4% year-over-year).
- 2020: Revenue of $16.5M, expenses of $15.1M, and assets of $16.0M (revenue +25.6% year-over-year).
- 2019: Revenue of $13.1M, expenses of $13.1M, and assets of $12.6M (revenue -3.9% year-over-year).
- 2018: Revenue of $13.7M, expenses of $13.0M, and assets of $12.4M (revenue -1.4% year-over-year).
- 2017: Revenue of $13.8M, expenses of $12.8M, and assets of $11.7M (revenue +12.9% year-over-year).
- 2016: Revenue of $12.3M, expenses of $12.3M, and assets of $10.9M (revenue -8.4% year-over-year).
- 2015: Revenue of $13.4M, expenses of $12.9M, and assets of $10.9M (revenue +4.0% year-over-year).
- 2014: Revenue of $12.9M, expenses of $12.1M, and assets of $10.5M (revenue +1.6% year-over-year).
- 2013: Revenue of $12.7M, expenses of $12.7M, and assets of $10.5M (revenue +7.8% year-over-year).
- 2012: Revenue of $11.8M, expenses of $12.2M, and assets of $10.6M (revenue -3.1% year-over-year).
- 2011: Revenue of $12.1M, expenses of $12.4M, and assets of $11.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Niagara Hospice Inc:
Data Sources and Methodology
This transparency report for Niagara 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.