Center Of Hope Family Services Inc
Center Of Hope Family Services Inc shows strong program focus with no reported officer compensation, but recent filing indicates a deficit and increased liabilities.
EIN: 200955193 · Toledo, OH · NTEE: P58 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1,386,790 |
| Net Assets | $18K |
| Transparency Score | 92/100 |
Is Center Of Hope Family Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center Of Hope Family Services Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Center Of Hope Family Services Inc
Center Of Hope Family Services Inc (EIN: 200955193) is a nonprofit organization based in Toledo, OH, classified under NTEE code P58. The organization reported total revenue of $1.4M and total assets of $420K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center Of Hope Family Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center Of Hope Family Services Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 22.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-127,603 |
| Total Assets | $192K |
| Total Liabilities | $174K |
| Net Assets | $18K |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 90.5% |
| Months of Reserves | 1.7 months |
Financial Health Grade: D
In 2023, Center Of Hope Family Services Inc reported a deficit of $128K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 90.5% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Center Of Hope Family Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.7% | +2.9% | -19.6% |
| 2022 | +19.6% | +26.3% | -15.1% |
| 2021 | +39.7% | +10.1% | +48.3% |
| 2020 | -2.2% | +11.3% | +48.3% |
| 2019 | +9.0% | +9.6% | -17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Center Of Hope Family Services Inc with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Center Of Hope Family Services Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $128K, with expenses exceeding revenue.
- Debt-to-asset ratio: 90.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly unusual for an organization of this size (latest revenue $1,386,790) and suggests a strong commitment to directing resources to programs.
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 Center Of Hope Family Services Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202306), leading to a deficit of $127,603.
- Significant increase in liabilities from $92,969 in 202206 to $173,796 in 202306.
- Decrease in assets from $238,763 in 202206 to $191,987 in 202306.
Strengths
The following positive indicators were identified for Center Of Hope Family Services Inc:
- Consistent reporting of 0% officer compensation across all 12 filings, indicating strong program focus.
- Long-term revenue growth from $205,962 in 201406 to $1,386,790 currently.
- Consistent filing of IRS 990s over 12 periods, demonstrating transparency.
- Overall historical trend of revenues generally covering expenses prior to the most recent period.
Frequently Asked Questions about Center Of Hope Family Services Inc
Is Center Of Hope Family Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Center Of Hope Family Services Inc (EIN: 200955193) some concerns. Mission Score: 92/100. 3 red flags identified, 4 strengths noted.
How does Center Of Hope Family Services Inc spend its money?
Center Of Hope Family Services Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Center Of Hope Family Services Inc tax-deductible?
Center Of Hope Family Services Inc is registered as a tax-exempt nonprofit (EIN: 200955193). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Center Of Hope Family Services Inc CEO make?
Center Of Hope Family Services Inc's highest-compensated officer earns $1,386,790 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Center Of Hope Family Services Inc's spending goes to programs?
Center Of Hope Family Services Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Center Of Hope Family Services Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Center Of Hope Family Services Inc is above average for NTEE category P58 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Center Of Hope Family Services Inc located?
Center Of Hope Family Services Inc is headquartered in Toledo, Ohio and files with the IRS under EIN 200955193. It is classified under NTEE code P58.
How many years of IRS 990 filings does Center Of Hope Family Services Inc have?
Center Of Hope Family Services Inc has 12 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 $1.4M in total revenue.
Is Center Of Hope Family Services Inc financially stable?
Historically, the organization has shown good financial stability with revenues generally covering expenses. However, the most recent filing (202306) shows expenses ($1,389,954) exceeding revenue ($1,262,351), resulting in a deficit for that period, and liabilities increased significantly from $92,969 to $173,796. This recent trend suggests a need for closer monitoring of their financial health.
How efficient is Center Of Hope Family Services Inc with its spending?
The organization appears highly efficient, consistently reporting 0% officer compensation across all 12 filings. This indicates a very high proportion of funds are likely directed towards program services, minimizing administrative overhead.
What is the trend in the organization's assets and liabilities?
Assets have grown significantly over the decade, from $79,144 in 201406 to $419,587 currently. However, in the most recent period (202306), assets decreased from $238,763 to $191,987, while liabilities increased from $92,969 to $173,796, which is a concerning short-term trend.
Filing History
IRS 990 filing history for Center Of Hope Family Services Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Center Of Hope Family Services Inc's revenue has grown by 832.1%, moving from $135K to $1.3M. Total assets increased by 421.5% over the same period, from $37K to $192K. Total functional expenses rose by 962%, from $131K to $1.4M. In its most recent filing year (2023), Center Of Hope Family Services Inc reported a deficit of $128K, with expenses exceeding revenue. The organization holds $174K in liabilities against $192K in assets (debt-to-asset ratio: 90.5%), resulting in net assets of $18K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $192K | $174K | — | View 990 |
| 2022 | $1.4M | $1.4M | $239K | $93K | — | View 990 |
| 2021 | $1.2M | $1.1M | $281K | $126K | — | View 990 |
| 2020 | $865K | $970K | $190K | $174K | — | View 990 |
| 2019 | $885K | $872K | $128K | $7K | — | View 990 |
| 2018 | $812K | $795K | $155K | $48K | — | View 990 |
| 2017 | $615K | $546K | $97K | $6K | — | View 990 |
| 2016 | $422K | $435K | $109K | $86K | — | View 990 |
| 2015 | $348K | $348K | $90K | $54K | — | View 990 |
| 2014 | $206K | $160K | $79K | $3K | — | View 990 |
| 2013 | $175K | $178K | $48K | $18K | — | View 990 |
| 2012 | $135K | $131K | $37K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $192K (revenue -12.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $239K (revenue +19.6% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $281K (revenue +39.7% year-over-year).
- 2020: Revenue of $865K, expenses of $970K, and assets of $190K (revenue -2.2% year-over-year).
- 2019: Revenue of $885K, expenses of $872K, and assets of $128K (revenue +9.0% year-over-year).
- 2018: Revenue of $812K, expenses of $795K, and assets of $155K (revenue +32.0% year-over-year).
- 2017: Revenue of $615K, expenses of $546K, and assets of $97K (revenue +45.9% year-over-year).
- 2016: Revenue of $422K, expenses of $435K, and assets of $109K (revenue +21.2% year-over-year).
- 2015: Revenue of $348K, expenses of $348K, and assets of $90K (revenue +68.8% year-over-year).
- 2014: Revenue of $206K, expenses of $160K, and assets of $79K (revenue +17.6% year-over-year).
- 2013: Revenue of $175K, expenses of $178K, and assets of $48K (revenue +29.3% year-over-year).
- 2012: Revenue of $135K, expenses of $131K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center Of Hope Family Services Inc:
Data Sources and Methodology
This transparency report for Center Of Hope Family Services 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.