Project Hope Of Marion County Inc
Project Hope Of Marion County Inc shows consistent revenue and asset growth with 0% reported officer compensation.
EIN: 208657795 · Ocala, FL · NTEE: P50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $687K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $912,560 |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Project Hope Of Marion County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Hope Of Marion County Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Hope Of Marion County Inc
Project Hope Of Marion County Inc (EIN: 208657795) is a nonprofit organization based in Ocala, FL, classified under NTEE code P50. The organization reported total revenue of $1.4M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Hope Of Marion County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Hope Of Marion County Inc is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $913K |
| Total Expenses | $687K |
| Surplus / Deficit | +$225K |
| Total Assets | $1.8M |
| Total Liabilities | $107K |
| Net Assets | $1.7M |
| Operating Margin | 24.7% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 32.2 months |
Financial Health Grade: A
In 2023, Project Hope Of Marion County Inc reported a surplus of $225K with revenue exceeding expenses, holds 32.2 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Project Hope Of Marion County Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.0% | +19.2% | +14.6% |
| 2022 | +11.6% | +14.7% | +6.7% |
| 2021 | +22.6% | +7.5% | +4.3% |
| 2020 | -36.0% | +40.8% | +2.8% |
| 2019 | +29.4% | -8.6% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
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 Project Hope Of Marion County Inc with a Mission Score of 85 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, Project Hope Of Marion County 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 $225K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.8%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization of this size ($912,560 in revenue in 2023) and suggests either a fully volunteer executive team or that compensation is reported under different expense categories, requiring further scrutiny for full transparency.
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 Project Hope Of Marion County Inc's IRS 990 filings:
- Consistent 0% officer compensation reported across all filings, which is unusual for an organization of this size and may indicate a lack of transparency in reporting executive pay.
Strengths
The following positive indicators were identified for Project Hope Of Marion County Inc:
- Consistent revenue growth, increasing from $260,319 in 2015 to $912,560 in 2023.
- Strong asset growth, with assets increasing from $1,365,923 in 2015 to $1,843,657 in 2023.
- Significant reduction in liabilities, from $1,140,061 in 2015 to $107,295 in 2023, indicating improved financial stability.
- Expenses consistently lower than revenue in recent years, demonstrating efficient financial management and surplus generation (e.g., 2023 revenue $912,560 vs. expenses $687,258).
Frequently Asked Questions about Project Hope Of Marion County Inc
Is Project Hope Of Marion County Inc a legitimate charity?
Project Hope Of Marion County Inc (EIN: 208657795) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Project Hope Of Marion County Inc spend its money?
Project Hope Of Marion County Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Project Hope Of Marion County Inc tax-deductible?
Project Hope Of Marion County Inc is registered as a tax-exempt nonprofit (EIN: 208657795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Project Hope Of Marion County Inc CEO make?
Project Hope Of Marion County Inc's highest-compensated officer earns $912,560 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Project Hope Of Marion County Inc's spending goes to programs?
Project Hope Of Marion County Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Hope Of Marion County Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Project Hope Of Marion County Inc is above average for NTEE category P50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Hope Of Marion County Inc located?
Project Hope Of Marion County Inc is headquartered in Ocala, Florida and files with the IRS under EIN 208657795. It is classified under NTEE code P50.
How many years of IRS 990 filings does Project Hope Of Marion County Inc have?
Project Hope Of Marion County 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 $1.4M in total revenue.
Is Project Hope Of Marion County Inc a good charity?
Based on its consistent financial growth, low liabilities, and reported 0% officer compensation, Project Hope Of Marion County Inc appears to be a financially sound organization. However, the lack of reported officer compensation warrants further investigation to understand the full picture of executive remuneration.
How has the organization's financial health changed over time?
Project Hope Of Marion County Inc has shown significant financial improvement, with revenue growing from $260,319 in 2015 to $912,560 in 2023, and assets increasing from $1,365,923 to $1,843,657 over the same period. Liabilities have also significantly decreased from $1,140,061 in 2015 to $107,295 in 2023, indicating a much stronger financial position.
What is the organization's approach to executive compensation?
All available IRS 990 filings for Project Hope Of Marion County Inc report 0% officer compensation. This suggests either a completely volunteer-led executive team or that executive compensation is categorized differently within their expenses, which would require more detailed financial statements to clarify.
Filing History
IRS 990 filing history for Project Hope Of Marion County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Hope Of Marion County Inc's revenue has grown by 152.8%, moving from $361K to $913K. Total assets increased by 15% over the same period, from $1.6M to $1.8M. Total functional expenses rose by 438.7%, from $128K to $687K. In its most recent filing year (2023), Project Hope Of Marion County Inc reported a surplus of $225K, with revenue exceeding expenses. The organization holds $107K in liabilities against $1.8M in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $913K | $687K | $1.8M | $107K | — | View 990 |
| 2022 | $671K | $576K | $1.6M | $110K | — | View 990 |
| 2021 | $601K | $503K | $1.5M | $109K | — | View 990 |
| 2020 | $490K | $467K | $1.4M | $146K | — | View 990 |
| 2019 | $766K | $332K | $1.4M | $129K | — | View 990 |
| 2018 | $592K | $363K | $1.3M | $425K | — | View 990 |
| 2017 | $643K | $330K | $1.3M | $710K | — | View 990 |
| 2016 | $457K | $380K | $1.3M | $1.0M | — | View 990 |
| 2015 | $260K | $302K | $1.4M | $1.1M | — | View 990 |
| 2014 | $295K | $292K | $1.4M | $1.2M | — | View 990 |
| 2013 | $288K | $320K | $1.5M | $1.2M | — | View 990 |
| 2012 | $244K | $315K | $1.5M | $1.2M | — | View 990 |
| 2011 | $361K | $128K | $1.6M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $913K, expenses of $687K, and assets of $1.8M (revenue +36.0% year-over-year).
- 2022: Revenue of $671K, expenses of $576K, and assets of $1.6M (revenue +11.6% year-over-year).
- 2021: Revenue of $601K, expenses of $503K, and assets of $1.5M (revenue +22.6% year-over-year).
- 2020: Revenue of $490K, expenses of $467K, and assets of $1.4M (revenue -36.0% year-over-year).
- 2019: Revenue of $766K, expenses of $332K, and assets of $1.4M (revenue +29.4% year-over-year).
- 2018: Revenue of $592K, expenses of $363K, and assets of $1.3M (revenue -8.0% year-over-year).
- 2017: Revenue of $643K, expenses of $330K, and assets of $1.3M (revenue +40.8% year-over-year).
- 2016: Revenue of $457K, expenses of $380K, and assets of $1.3M (revenue +75.5% year-over-year).
- 2015: Revenue of $260K, expenses of $302K, and assets of $1.4M (revenue -11.7% year-over-year).
- 2014: Revenue of $295K, expenses of $292K, and assets of $1.4M (revenue +2.3% year-over-year).
- 2013: Revenue of $288K, expenses of $320K, and assets of $1.5M (revenue +18.4% year-over-year).
- 2012: Revenue of $244K, expenses of $315K, and assets of $1.5M (revenue -32.5% year-over-year).
- 2011: Revenue of $361K, expenses of $128K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Hope Of Marion County Inc:
Data Sources and Methodology
This transparency report for Project Hope Of Marion County 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.