Quick charity verification for Village Of Hope Palm Beach County Inc (EIN: 204591024)
Verdict: Village Of Hope Palm Beach County Inc appears trustworthy
75/100Mission Score
$1.7MRevenue
$2.5MAssets
3Red Flags
3Strengths
Red Flags
Significant operating deficit in the latest fiscal year (202312) where expenses ($2,073,016) far exceeded revenue ($1,338,685).
Substantial increase in expenses in 202312 without a corresponding increase in revenue, leading to financial instability.
Decrease in assets from $3,144,590 in 202212 to $2,457,440 in 202312, potentially due to covering the operating deficit.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong transparency or volunteer leadership.
Relatively low liabilities compared to assets, suggesting a healthy balance sheet in terms of debt.
Long operational history with 13 IRS 990 filings, demonstrating sustained presence.
Spending Breakdown
How Village Of Hope Palm Beach County Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Village Of Hope Palm Beach County Inc
Is Village Of Hope Palm Beach County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Village Of Hope Palm Beach County Inc (EIN: 204591024) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Village Of Hope Palm Beach County Inc a good charity to donate to?
Village Of Hope Palm Beach County Inc has a Mission Score of 75/100. Revenue: $1.7M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Village Of Hope Palm Beach County Inc?
The Employer Identification Number (EIN) for Village Of Hope Palm Beach County Inc is 204591024. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Village Of Hope Palm Beach County Inc spend its money?
Village Of Hope Palm Beach County Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Village Of Hope Palm Beach County Inc's tax-exempt status?
You can verify Village Of Hope Palm Beach County Inc's tax-exempt status using EIN 204591024 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Village Of Hope Palm Beach County Inc demonstrates a consistent operational history with fluctuating financial performance. In the latest reported period (202312), the organization experienced a significant deficit, with expenses of $2,073,016 exceeding revenue of $1,338,685. This follows a surplus in the prior period (202212) where revenue of $1,282,707 surpassed expenses of $978,394. The organization's assets have shown some variability, peaking at $3,144,590 in 202212 and decreasing to $2,457,440 in 202312. Liabilities have remained relatively low, indicating a healthy balance sheet in terms of debt. The consistent reporting of 0% officer compensation across all filings suggests strong financial transparency regarding executive pay, or that officers are unpaid volunteers, which is a positive indicator for donor confidence. However, the recent substantial deficit warrants closer examination of spending and revenue generation strategies to ensure long-term sustainability.