Speare Memorial Hospital
Speare Memorial Hospital maintains stable financial health with consistent revenue growth and substantial assets, though executive compensation reporting lacks detail.
EIN: 20226774 · Plymouth, NH · NTEE: E220 · Updated: 2026-03-28
Is Speare Memorial Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Speare Memorial Hospital directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Speare Memorial Hospital
Speare Memorial Hospital (EIN: 20226774) is a nonprofit organization based in Plymouth, NH, classified under NTEE code E220. The organization reported total revenue of $83.7M and total assets of $89.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Speare Memorial Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Speare Memorial Hospital with a Mission Score of 75 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: 85%
- fundraising: 5%
According to IRS 990 filings, Speare Memorial Hospital 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.
Executive Compensation Analysis
The consistent reporting of 0% for officer compensation across all filings for an organization with annual revenues exceeding $78 million is highly unusual and suggests that executive compensation may be categorized differently or not fully disclosed in the provided summary, impacting transparency regarding leadership costs.
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 Speare Memorial Hospital's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and may indicate incomplete disclosure or categorization issues.
- Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided summary data, limiting granular spending efficiency analysis.
Strengths
The following positive indicators were identified for Speare Memorial Hospital:
- Consistent positive operating margins, with revenues generally exceeding expenses (e.g., $78,762,729 revenue vs. $77,186,933 expenses in 202306).
- Strong and growing asset base, reaching $91,200,273 in 202306, providing financial stability.
- Healthy asset-to-liability ratio, indicating strong financial solvency (e.g., 3.33:1 in 202306).
- Significant revenue growth over the past decade, demonstrating increasing capacity and impact.
Frequently Asked Questions about Speare Memorial Hospital
Is Speare Memorial Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Speare Memorial Hospital (EIN: 20226774) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Speare Memorial Hospital spend its money?
Speare Memorial Hospital directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Speare Memorial Hospital tax-deductible?
Speare Memorial Hospital is registered as a tax-exempt nonprofit (EIN: 20226774). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Speare Memorial Hospital a good charity?
Based on the provided financial data, Speare Memorial Hospital appears to be a financially stable organization with consistent revenue growth and a strong asset base. Its mission as a hospital (NTEE E220) inherently involves significant program spending. However, the lack of explicit executive compensation details and specific program spending ratios in the provided data makes a complete assessment of 'goodness' challenging, particularly regarding transparency and efficiency metrics beyond overall financial health.
How has Speare Memorial Hospital's revenue trended over the past decade?
Speare Memorial Hospital has shown a strong upward trend in revenue over the past decade, increasing from $45,298,386 in 201506 to $78,762,729 in 202306, indicating significant growth and financial expansion.
What is the organization's asset-to-liability ratio?
In the most recent filing period (202306), Speare Memorial Hospital had assets of $91,200,273 and liabilities of $27,342,761, resulting in a healthy asset-to-liability ratio of approximately 3.33:1.
Filing History
IRS 990 filing history for Speare Memorial Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Speare Memorial Hospital's revenue has grown by 54%, moving from $51.1M to $78.8M. Total assets increased by 54.1% over the same period, from $59.2M to $91.2M. Total functional expenses rose by 53.9%, from $50.1M to $77.2M. In its most recent filing year (2023), Speare Memorial Hospital reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $27.3M in liabilities against $91.2M in assets (debt-to-asset ratio: 30.0%), resulting in net assets of $63.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $78.8M | $77.2M | $91.2M | $27.3M | — | — |
| 2022 | $79.3M | $74.2M | $97.8M | $37.0M | — | View 990 |
| 2021 | $78.3M | $67.2M | $103.3M | $41.5M | — | View 990 |
| 2020 | $67.1M | $65.9M | $83.9M | $36.4M | — | View 990 |
| 2019 | $66.0M | $64.4M | $78.9M | $31.9M | — | View 990 |
| 2018 | $62.3M | $61.2M | $72.7M | $28.6M | — | View 990 |
| 2017 | $55.2M | $53.1M | $79.0M | $36.0M | — | View 990 |
| 2016 | $57.0M | $53.6M | $77.2M | $36.9M | — | View 990 |
| 2015 | $45.3M | $53.5M | $76.0M | $38.0M | — | View 990 |
| 2014 | $59.6M | $58.3M | $78.6M | $31.8M | — | View 990 |
| 2013 | $59.9M | $52.8M | $75.5M | $31.6M | — | View 990 |
| 2012 | $56.8M | $53.5M | $65.4M | $28.0M | — | View 990 |
| 2011 | $51.1M | $50.1M | $59.2M | $25.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $78.8M, expenses of $77.2M, and assets of $91.2M (revenue -0.7% year-over-year).
- 2022: Revenue of $79.3M, expenses of $74.2M, and assets of $97.8M (revenue +1.3% year-over-year).
- 2021: Revenue of $78.3M, expenses of $67.2M, and assets of $103.3M (revenue +16.7% year-over-year).
- 2020: Revenue of $67.1M, expenses of $65.9M, and assets of $83.9M (revenue +1.7% year-over-year).
- 2019: Revenue of $66.0M, expenses of $64.4M, and assets of $78.9M (revenue +6.1% year-over-year).
- 2018: Revenue of $62.3M, expenses of $61.2M, and assets of $72.7M (revenue +12.9% year-over-year).
- 2017: Revenue of $55.2M, expenses of $53.1M, and assets of $79.0M (revenue -3.2% year-over-year).
- 2016: Revenue of $57.0M, expenses of $53.6M, and assets of $77.2M (revenue +25.7% year-over-year).
- 2015: Revenue of $45.3M, expenses of $53.5M, and assets of $76.0M (revenue -24.0% year-over-year).
- 2014: Revenue of $59.6M, expenses of $58.3M, and assets of $78.6M (revenue -0.4% year-over-year).
- 2013: Revenue of $59.9M, expenses of $52.8M, and assets of $75.5M (revenue +5.5% year-over-year).
- 2012: Revenue of $56.8M, expenses of $53.5M, and assets of $65.4M (revenue +11.0% year-over-year).
- 2011: Revenue of $51.1M, expenses of $50.1M, and assets of $59.2M.
Data Sources and Methodology
This transparency report for Speare Memorial 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.