Patch Of Heaven Sanctuary Inc
EIN: 824408312 · Miami, FL · NTEE: C11
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.5M |
| Net Assets | $1.9M |
Is Patch Of Heaven Sanctuary Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Patch Of Heaven Sanctuary Inc
Patch Of Heaven Sanctuary Inc (EIN: 824408312) is a nonprofit organization based in Miami, FL, classified under NTEE code C11. The organization reported total revenue of $2.1M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patch Of Heaven Sanctuary Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patch Of Heaven Sanctuary Inc is a mid-size nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 31.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-355,406 |
| Total Assets | $1.9M |
| Net Assets | $1.9M |
| Operating Margin | -16.8% |
| Months of Reserves | 9.3 months |
Financial Health Grade: B
In 2023, Patch Of Heaven Sanctuary Inc reported a deficit of $355K with expenses exceeding revenue, holds 9.3 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Patch Of Heaven Sanctuary Inc's revenue has grown at a compound annual growth rate (CAGR) of 31.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.1% | +15.0% | -15.4% |
| 2022 | +7.0% | +12.8% | +59.4% |
| 2021 | -1.5% | +45.1% | +14.1% |
| 2020 | +78.7% | +28.8% | +188.0% |
| 2019 | +116.6% | +265.0% | +62.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Patch Of Heaven Sanctuary 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 Patch Of Heaven Sanctuary 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 $355K, with expenses exceeding revenue.
Frequently Asked Questions about Patch Of Heaven Sanctuary Inc
Is Patch Of Heaven Sanctuary Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Patch Of Heaven Sanctuary Inc (EIN: 824408312) insufficient data. 0 red flags identified, 0 strengths noted.
How does Patch Of Heaven Sanctuary Inc spend its money?
Detailed spending breakdown data is not yet available for Patch Of Heaven Sanctuary Inc. Check back for updated IRS 990 analysis.
Are donations to Patch Of Heaven Sanctuary Inc tax-deductible?
Patch Of Heaven Sanctuary Inc is registered as a tax-exempt nonprofit (EIN: 824408312). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Patch Of Heaven Sanctuary Inc located?
Patch Of Heaven Sanctuary Inc is headquartered in Miami, Florida and files with the IRS under EIN 824408312. It is classified under NTEE code C11.
How many years of IRS 990 filings does Patch Of Heaven Sanctuary Inc have?
Patch Of Heaven Sanctuary Inc has 6 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 $2.1M in total revenue.
Filing History
IRS 990 filing history for Patch Of Heaven Sanctuary Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Patch Of Heaven Sanctuary Inc's revenue has grown by 287.1%, moving from $547K to $2.1M. Total assets increased by 618.6% over the same period, from $268K to $1.9M. Total functional expenses rose by 784.9%, from $280K to $2.5M. In its most recent filing year (2023), Patch Of Heaven Sanctuary Inc reported a deficit of $355K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.5M | $1.9M | $0 | — | — |
| 2022 | $2.2M | $2.2M | $2.3M | $0 | — | View 990 |
| 2021 | $2.1M | $1.9M | $1.4M | $13K | — | View 990 |
| 2020 | $2.1M | $1.3M | $1.2M | $14K | — | — |
| 2019 | $1.2M | $1.0M | $434K | $1K | — | View 990 |
| 2018 | $547K | $280K | $268K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.5M, and assets of $1.9M (revenue -5.1% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.2M, and assets of $2.3M (revenue +7.0% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.9M, and assets of $1.4M (revenue -1.5% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.3M, and assets of $1.2M (revenue +78.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.0M, and assets of $434K (revenue +116.6% year-over-year).
- 2018: Revenue of $547K, expenses of $280K, and assets of $268K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patch Of Heaven Sanctuary Inc:
Data Sources and Methodology
This transparency report for Patch Of Heaven Sanctuary 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.