Florence Christian Home
Florence Christian Home: Declining Revenue, Stable Assets, and High Administrative Costs
EIN: 221529789 · Wayne, NJ · NTEE: P42Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $583K |
| Total Expenses | $266K |
| Net Assets | $2.2M |
| Transparency Score | 45/100 |
Is Florence Christian Home Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Florence Christian Home
Florence Christian Home (EIN: 221529789) is a nonprofit organization based in Wayne, NJ, classified under NTEE code P42Z. The organization reported total revenue of $583K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florence Christian Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florence Christian Home is a small nonprofit that has been operating for 101 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $184K |
| Total Expenses | $266K |
| Surplus / Deficit | $-82,123 |
| Total Assets | $2.2M |
| Total Liabilities | $1 |
| Net Assets | $2.2M |
| Operating Margin | -44.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 99.0 months |
Financial Health Grade: B
In 2023, Florence Christian Home reported a deficit of $82K with expenses exceeding revenue, holds 99.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Florence Christian Home's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.8% | +33.7% | -3.6% |
| 2022 | -34.0% | +141.7% | -2.8% |
| 2022 | +654.2% | -76.7% | +5.4% |
| 2021 | -91.7% | -4.1% | -6.8% |
| 2020 | +282.4% | +195.6% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1925 |
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 Florence Christian Home with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Florence Christian Home allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $82K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not disclosed in the provided 990-EZ filings, making it impossible to assess.
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 Florence Christian Home's IRS 990 filings:
- Consistent reporting of $0 in program service expenses across multiple years raises concerns about direct mission impact.
- Revenue has shown a significant decline from $320,511 in 2020 to $58,279 in 2023.
- The organization's 990-EZ filings do not provide sufficient detail to understand operational activities or how funds are utilized beyond administrative costs.
Strengths
The following positive indicators were identified for Florence Christian Home:
- The organization maintains a stable asset base, with assets consistently over $2 million.
- Low liabilities reported across all available filings.
Frequently Asked Questions about Florence Christian Home
Is Florence Christian Home a legitimate charity?
Based on AI analysis of IRS 990 filings, Florence Christian Home (EIN: 221529789) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Florence Christian Home spend its money?
Detailed spending breakdown data is not yet available for Florence Christian Home. Check back for updated IRS 990 analysis.
Are donations to Florence Christian Home tax-deductible?
Florence Christian Home is registered as a tax-exempt nonprofit (EIN: 221529789). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Florence Christian Home compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Florence Christian Home is near average for NTEE category P42Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Florence Christian Home located?
Florence Christian Home is headquartered in Wayne, New Jersey and files with the IRS under EIN 221529789. It is classified under NTEE code P42Z.
How many years of IRS 990 filings does Florence Christian Home have?
Florence Christian Home 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 $583K in total revenue.
What does Florence Christian Home do?
Florence Christian Home is a nonprofit organization in the Human Services sector, located in Wayne, New Jersey. It is classified under NTEE code P42Z.
How much revenue does Florence Christian Home have?
Florence Christian Home reported total revenue of $582,797. Based on 13 IRS 990 filings on record.
What are Florence Christian Home's total assets?
Florence Christian Home holds total assets of $2,131,213 as reported in IRS 990 filings.
Where is Florence Christian Home located?
Florence Christian Home is based in Wayne, New Jersey.
What is Florence Christian Home's EIN?
Florence Christian Home's Employer Identification Number (EIN) is 221529789. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Florence Christian Home?
Florence Christian Home is classified under NTEE code P42Z (Human Services).
Is Florence Christian Home a registered 501(c)(3)?
Yes, Florence Christian Home is recognized as a tax-exempt organization by the IRS. EIN: 221529789.
Does Florence Christian Home file IRS Form 990?
Yes, Florence Christian Home has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Florence Christian Home's revenue in 2023?
In the 202312 filing period, Florence Christian Home reported total revenue of $183,586, total expenses of $265,709, and net assets of $2,193,006.
Is Florence Christian Home's revenue growing or declining?
Florence Christian Home's revenue is growing. Revenue went from $133,236 (202212) to $183,586 (202312), a +37.8% change. Based on 13 filings on record.
What is Florence Christian Home's most recent 990 filing?
The most recent IRS Form 990 filing for Florence Christian Home covers tax period 202312. It shows revenue of $183,586, expenses of $265,709, total assets of $2,193,006, and liabilities of $1.
Is Florence Christian Home a trustworthy charity?
Based on AI analysis of IRS 990 data, Florence Christian Home shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for Florence Christian Home?
The following concerns were identified: Consistent reporting of $0 in program service expenses across multiple years raises concerns about direct mission impact.. Revenue has shown a significant decline from $320,511 in 2020 to $58,279 in 2023.. The organization's 990-EZ filings do not provide sufficient detail to understand operational activities or how funds are utilized beyond administrative costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Florence Christian Home's strengths?
Positive indicators for Florence Christian Home include: The organization maintains a stable asset base, with assets consistently over $2 million.. Low liabilities reported across all available filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Florence Christian Home compensate executives?
Executive compensation is not disclosed in the provided 990-EZ filings, making it impossible to assess. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 in program service expenses, what are the actual activities and beneficiaries of Florence Christian Home?
The provided 990-EZ filings do not offer details on specific program activities or beneficiaries, only indicating 'other expenses' which are categorized as administrative.
How does Florence Christian Home sustain its operations and maintain its asset base with declining revenue and no reported program expenses?
The organization appears to sustain itself primarily through investment income and existing assets, as indicated by the revenue figures and asset stability despite minimal program spending.
Filing History
IRS 990 filing history for Florence Christian Home showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Florence Christian Home's revenue has grown by 28.8%, moving from $143K to $184K. Total assets increased by 0.9% over the same period, from $2.2M to $2.2M. Total functional expenses rose by 360.3%, from $58K to $266K. In its most recent filing year (2023), Florence Christian Home reported a deficit of $82K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $184K | $266K | $2.2M | $1 | — | — |
| 2022 | $133K | $199K | $2.3M | $1 | — | View 990 |
| 2022 | $202K | $82K | $2.3M | $1 | — | View 990 |
| 2021 | $27K | $353K | $2.2M | $1 | — | — |
| 2020 | $321K | $368K | $2.4M | $2 | — | View 990 |
| 2019 | $84K | $124K | $2.4M | $1 | — | View 990 |
| 2018 | $464K | $208K | $2.5M | $0 | — | View 990 |
| 2017 | $254K | $317K | $2.2M | $0 | — | View 990 |
| 2016 | $181K | $396K | $2.3M | $0 | — | View 990 |
| 2014 | $416K | $342K | $3.1M | $0 | — | View 990 |
| 2013 | $733K | $83K | $3.0M | $0 | — | View 990 |
| 2012 | $249K | $88K | $2.3M | $0 | — | View 990 |
| 2011 | $143K | $58K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $184K, expenses of $266K, and assets of $2.2M (revenue +37.8% year-over-year).
- 2022: Revenue of $133K, expenses of $199K, and assets of $2.3M (revenue -34.0% year-over-year).
- 2022: Revenue of $202K, expenses of $82K, and assets of $2.3M (revenue +654.2% year-over-year).
- 2021: Revenue of $27K, expenses of $353K, and assets of $2.2M (revenue -91.7% year-over-year).
- 2020: Revenue of $321K, expenses of $368K, and assets of $2.4M (revenue +282.4% year-over-year).
- 2019: Revenue of $84K, expenses of $124K, and assets of $2.4M (revenue -81.9% year-over-year).
- 2018: Revenue of $464K, expenses of $208K, and assets of $2.5M (revenue +82.9% year-over-year).
- 2017: Revenue of $254K, expenses of $317K, and assets of $2.2M (revenue +40.2% year-over-year).
- 2016: Revenue of $181K, expenses of $396K, and assets of $2.3M (revenue -56.6% year-over-year).
- 2014: Revenue of $416K, expenses of $342K, and assets of $3.1M (revenue -43.2% year-over-year).
- 2013: Revenue of $733K, expenses of $83K, and assets of $3.0M (revenue +194.4% year-over-year).
- 2012: Revenue of $249K, expenses of $88K, and assets of $2.3M (revenue +74.7% year-over-year).
- 2011: Revenue of $143K, expenses of $58K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florence Christian Home:
Data Sources and Methodology
This transparency report for Florence Christian Home 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.