Okaloosa Walton Homeless Continuum Of Care Opportunity Inc
EIN: 342056892 · Fort Walton Beach, FL · NTEE: L41
Is Okaloosa Walton Homeless Continuum Of Care Opportunity Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Okaloosa Walton Homeless Continuum Of Care Opportunity Inc
Okaloosa Walton Homeless Continuum Of Care Opportunity Inc (EIN: 342056892) is a nonprofit organization based in Fort Walton Beach, FL, classified under NTEE code L41. The organization reported total revenue of $2.3M and total assets of $521K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Okaloosa Walton Homeless Continuum Of Care Opportunity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Okaloosa Walton Homeless Continuum Of Care Opportunity Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $983K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-89,387 |
| Total Assets | $90K |
| Total Liabilities | $50K |
| Net Assets | $40K |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 55.7% |
| Months of Reserves | 1.0 months |
Financial Health Grade: D
In 2023, Okaloosa Walton Homeless Continuum Of Care Opportunity Inc reported a deficit of $89K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 55.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Okaloosa Walton Homeless Continuum Of Care Opportunity Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -74.0% | -71.5% | -84.6% |
| 2022 | +221.3% | +222.9% | +169.8% |
| 2021 | +57.5% | +54.0% | +76.7% |
| 2020 | -14.0% | -6.9% | +10.1% |
| 2019 | +11.8% | +3.6% | +173.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Okaloosa Walton Homeless Continuum Of Care Opportunity Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Okaloosa Walton Homeless Continuum Of Care Opportunity Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.7%.
Frequently Asked Questions about Okaloosa Walton Homeless Continuum Of Care Opportunity Inc
Is Okaloosa Walton Homeless Continuum Of Care Opportunity Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Okaloosa Walton Homeless Continuum Of Care Opportunity Inc (EIN: 342056892) insufficient data. 0 red flags identified, 0 strengths noted.
How does Okaloosa Walton Homeless Continuum Of Care Opportunity Inc spend its money?
Detailed spending breakdown data is not yet available for Okaloosa Walton Homeless Continuum Of Care Opportunity Inc. Check back for updated IRS 990 analysis.
Are donations to Okaloosa Walton Homeless Continuum Of Care Opportunity Inc tax-deductible?
Okaloosa Walton Homeless Continuum Of Care Opportunity Inc is registered as a tax-exempt nonprofit (EIN: 342056892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Okaloosa Walton Homeless Continuum Of Care Opportunity Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Okaloosa Walton Homeless Continuum Of Care Opportunity Inc's revenue has grown by 137.9%, moving from $413K to $983K. Total assets increased by 74.3% over the same period, from $52K to $90K. Total functional expenses rose by 123.6%, from $480K to $1.1M. In its most recent filing year (2023), Okaloosa Walton Homeless Continuum Of Care Opportunity Inc reported a deficit of $89K, with expenses exceeding revenue. The organization holds $50K in liabilities against $90K in assets (debt-to-asset ratio: 55.7%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $983K | $1.1M | $90K | $50K | — | View 990 |
| 2022 | $3.8M | $3.8M | $587K | $457K | — | View 990 |
| 2021 | $1.2M | $1.2M | $217K | $119K | — | View 990 |
| 2020 | $749K | $756K | $123K | $40K | — | View 990 |
| 2019 | $871K | $812K | $112K | $22K | — | View 990 |
| 2018 | $779K | $784K | $41K | $10K | — | View 990 |
| 2017 | $733K | $706K | $75K | $39K | — | View 990 |
| 2016 | $603K | $663K | $25K | $17K | — | View 990 |
| 2015 | $470K | $566K | $88K | $20K | — | View 990 |
| 2014 | $993K | $874K | $247K | $84K | — | View 990 |
| 2013 | $852K | $885K | $53K | $33K | — | View 990 |
| 2012 | $573K | $654K | $110K | $56K | — | View 990 |
| 2011 | $413K | $480K | $52K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $983K, expenses of $1.1M, and assets of $90K (revenue -74.0% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.8M, and assets of $587K (revenue +221.3% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $217K (revenue +57.5% year-over-year).
- 2020: Revenue of $749K, expenses of $756K, and assets of $123K (revenue -14.0% year-over-year).
- 2019: Revenue of $871K, expenses of $812K, and assets of $112K (revenue +11.8% year-over-year).
- 2018: Revenue of $779K, expenses of $784K, and assets of $41K (revenue +6.2% year-over-year).
- 2017: Revenue of $733K, expenses of $706K, and assets of $75K (revenue +21.5% year-over-year).
- 2016: Revenue of $603K, expenses of $663K, and assets of $25K (revenue +28.2% year-over-year).
- 2015: Revenue of $470K, expenses of $566K, and assets of $88K (revenue -52.6% year-over-year).
- 2014: Revenue of $993K, expenses of $874K, and assets of $247K (revenue +16.6% year-over-year).
- 2013: Revenue of $852K, expenses of $885K, and assets of $53K (revenue +48.6% year-over-year).
- 2012: Revenue of $573K, expenses of $654K, and assets of $110K (revenue +38.6% year-over-year).
- 2011: Revenue of $413K, expenses of $480K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Okaloosa Walton Homeless Continuum Of Care Opportunity Inc:
Data Sources and Methodology
This transparency report for Okaloosa Walton Homeless Continuum Of Care Opportunity 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.