Palm House Recovery Centers Inc
Palm House Recovery Centers shows fluctuating revenues and expenses, with no reported officer compensation.
EIN: 203743552 · Athens, GA · NTEE: E50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $762K |
| Total Expenses | $641K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $600,000. |
| Net Assets | $109K |
| Transparency Score | 80/100 |
Is Palm House Recovery Centers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Palm House Recovery Centers Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Palm House Recovery Centers Inc
Palm House Recovery Centers Inc (EIN: 203743552) is a nonprofit organization based in Athens, GA, classified under NTEE code E50. The organization reported total revenue of $762K and total assets of $153K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palm House Recovery Centers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palm House Recovery Centers Inc is a small 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 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $730K |
| Total Expenses | $641K |
| Surplus / Deficit | +$89K |
| Total Assets | $113K |
| Total Liabilities | $3K |
| Net Assets | $109K |
| Operating Margin | 12.2% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 2.1 months |
Financial Health Grade: A
In 2023, Palm House Recovery Centers Inc reported a surplus of $89K with revenue exceeding expenses, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Palm House Recovery Centers Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.9% | +0.4% | +319.8% |
| 2022 | -43.9% | -43.5% | -11.9% |
| 2021 | +2.9% | -0.4% | +2.2% |
| 2020 | -16.0% | -13.8% | -49.9% |
| 2019 | -0.8% | +9.7% | -13.6% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Palm House Recovery Centers Inc with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Palm House Recovery Centers Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $89K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a significant positive, suggesting that all funds are directed towards operational and program costs, especially for an organization with annual revenues consistently above $600,000.
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 Palm House Recovery Centers Inc's IRS 990 filings:
- Periods of deficit spending (e.g., 2022, 2020) where expenses exceeded revenue.
- Fluctuating revenue stream, indicating potential instability in funding or service demand.
Strengths
The following positive indicators were identified for Palm House Recovery Centers Inc:
- Consistent reporting with 13 IRS 990 filings.
- 0% officer compensation reported across all filings, indicating strong commitment to mission.
- Recent positive trend in asset growth from $26,799 in 2022 to $112,500 in 2023.
- Long operational history with consistent revenue generation over $600,000 annually.
Frequently Asked Questions about Palm House Recovery Centers Inc
Is Palm House Recovery Centers Inc a legitimate charity?
Palm House Recovery Centers Inc (EIN: 203743552) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $762K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Palm House Recovery Centers Inc spend its money?
Palm House Recovery Centers Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Palm House Recovery Centers Inc tax-deductible?
Palm House Recovery Centers Inc is registered as a tax-exempt nonprofit (EIN: 203743552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Palm House Recovery Centers Inc CEO make?
Palm House Recovery Centers Inc's highest-compensated officer earns $600,000. annually. The organization reported $762K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Palm House Recovery Centers Inc's spending goes to programs?
Palm House Recovery Centers Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Palm House Recovery Centers Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Palm House Recovery Centers Inc is above average for NTEE category E50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Palm House Recovery Centers Inc located?
Palm House Recovery Centers Inc is headquartered in Athens, Georgia and files with the IRS under EIN 203743552. It is classified under NTEE code E50.
How many years of IRS 990 filings does Palm House Recovery Centers Inc have?
Palm House Recovery Centers Inc 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 $762K in total revenue.
Is Palm House Recovery Centers Inc. financially stable?
The organization's financial stability shows some fluctuation. While it has maintained consistent revenue streams, there have been periods of deficit spending (e.g., 2022, 2020). However, the increase in assets from $26,799 in 2022 to $112,500 in 2023 suggests an improving financial position.
How does Palm House Recovery Centers Inc. allocate its expenses?
Based on the available data, a precise functional expense breakdown is not provided. However, given the NTEE code E50 (Substance Abuse Treatment), it is reasonable to infer that a significant portion of expenses is dedicated to program services. The absence of officer compensation further supports a strong program focus.
What is the trend in the organization's assets?
The organization's assets have fluctuated but show a recent positive trend, increasing from $26,799 in 2022 to $112,500 in 2023. This indicates a growth in financial resources.
Does Palm House Recovery Centers Inc. pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, indicating that officers do not receive salaries from the organization.
What is the organization's revenue trend?
Revenue has fluctuated over the years, peaking at $1,322,114 in 2018 and showing a recent dip from $1,133,205 in 2021 to $730,368 in 2023. This indicates variability in funding or service demand.
Filing History
IRS 990 filing history for Palm House Recovery Centers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Palm House Recovery Centers Inc's revenue has grown by 20.5%, moving from $606K to $730K. Total assets increased by 2715.3% over the same period, from $4K to $113K. Total functional expenses rose by 5.9%, from $606K to $641K. In its most recent filing year (2023), Palm House Recovery Centers Inc reported a surplus of $89K, with revenue exceeding expenses. The organization holds $3K in liabilities against $113K in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $109K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $730K | $641K | $113K | $3K | — | — |
| 2022 | $636K | $639K | $27K | $6K | — | View 990 |
| 2021 | $1.1M | $1.1M | $30K | $7K | — | View 990 |
| 2020 | $1.1M | $1.1M | $30K | $9K | — | View 990 |
| 2019 | $1.3M | $1.3M | $59K | $5K | — | View 990 |
| 2018 | $1.3M | $1.2M | $69K | $9K | — | View 990 |
| 2017 | $1.2M | $1.2M | $68K | $129K | — | View 990 |
| 2016 | $1.2M | $1.2M | $51K | $112K | — | View 990 |
| 2015 | $1.0M | $1.1M | $81K | $119K | — | View 990 |
| 2014 | $824K | $814K | $82K | $36K | — | View 990 |
| 2013 | $622K | $612K | $36K | $0 | — | View 990 |
| 2012 | $565K | $543K | $26K | $0 | — | View 990 |
| 2011 | $606K | $606K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $730K, expenses of $641K, and assets of $113K (revenue +14.9% year-over-year).
- 2022: Revenue of $636K, expenses of $639K, and assets of $27K (revenue -43.9% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $30K (revenue +2.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $30K (revenue -16.0% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $59K (revenue -0.8% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $69K (revenue +6.1% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $68K (revenue +8.2% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $51K (revenue +12.7% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $81K (revenue +23.9% year-over-year).
- 2014: Revenue of $824K, expenses of $814K, and assets of $82K (revenue +32.6% year-over-year).
- 2013: Revenue of $622K, expenses of $612K, and assets of $36K (revenue +10.0% year-over-year).
- 2012: Revenue of $565K, expenses of $543K, and assets of $26K (revenue -6.7% year-over-year).
- 2011: Revenue of $606K, expenses of $606K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palm House Recovery Centers Inc:
Data Sources and Methodology
This transparency report for Palm House Recovery Centers 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.