Treasures For Hope
EIN: 455044040 · West Palm Bch, FL · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $7.3M |
| Net Assets | $8.1M |
Is Treasures For Hope Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Treasures For Hope
Treasures For Hope (EIN: 455044040) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code P20. The organization reported total revenue of $2.3M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Treasures For Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Treasures For Hope is a mid-size nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 21.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $7.3M |
| Surplus / Deficit | $-5,305,994 |
| Total Assets | $8.2M |
| Total Liabilities | $37K |
| Net Assets | $8.1M |
| Operating Margin | -262.8% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 13.4 months |
Financial Health Grade: B
In 2023, Treasures For Hope reported a deficit of $5.3M with expenses exceeding revenue, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Treasures For Hope's revenue has grown at a compound annual growth rate (CAGR) of 21.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.0% | +373.5% | -39.5% |
| 2022 | +209.8% | +0.2% | +13.6% |
| 2021 | +16.3% | +261.9% | -4.7% |
| 2020 | +90.0% | +20.8% | +478.6% |
| 2019 | +37.6% | -2.7% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Treasures For Hope 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 Treasures For Hope 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 $5.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Treasures For Hope
Is Treasures For Hope a legitimate charity?
Treasures For Hope (EIN: 455044040) is a registered tax-exempt nonprofit based in Florida. It has 12 years of IRS 990 filings on record. Total revenue: $2.3M. No red flags identified. Financial health grade: B.
How does Treasures For Hope spend its money?
Treasures For Hope reported $2.3M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Treasures For Hope tax-deductible?
Treasures For Hope is registered as a tax-exempt nonprofit (EIN: 455044040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Treasures For Hope located?
Treasures For Hope is headquartered in West Palm Bch, Florida and files with the IRS under EIN 455044040. It is classified under NTEE code P20.
How many years of IRS 990 filings does Treasures For Hope have?
Treasures For Hope has 12 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 $2.3M in total revenue.
Filing History
IRS 990 filing history for Treasures For Hope showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Treasures For Hope's revenue has grown by 732.9%, moving from $242K to $2.0M. Total assets increased by 284.5% over the same period, from $2.1M to $8.2M. Total functional expenses rose by 8149.2%, from $89K to $7.3M. In its most recent filing year (2023), Treasures For Hope reported a deficit of $5.3M, with expenses exceeding revenue. The organization holds $37K in liabilities against $8.2M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $7.3M | $8.2M | $37K | — | View 990 |
| 2022 | $3.7M | $1.5M | $13.5M | $40K | — | View 990 |
| 2021 | $1.2M | $1.5M | $11.9M | $640K | — | View 990 |
| 2020 | $1.0M | $426K | $12.5M | $1.1M | — | — |
| 2019 | $546K | $353K | $2.2M | $1.1M | — | View 990 |
| 2018 | $397K | $363K | $2.1M | $1.3M | — | View 990 |
| 2017 | $487K | $443K | $2.2M | $1.4M | — | — |
| 2016 | $504K | $414K | $2.2M | $1.4M | — | View 990 |
| 2015 | $486K | $355K | $2.2M | $1.5M | — | View 990 |
| 2014 | $497K | $278K | $2.3M | $1.7M | — | View 990 |
| 2013 | $450K | $283K | $2.3M | $2.0M | — | View 990 |
| 2012 | $242K | $89K | $2.1M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $7.3M, and assets of $8.2M (revenue -46.0% year-over-year).
- 2022: Revenue of $3.7M, expenses of $1.5M, and assets of $13.5M (revenue +209.8% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.5M, and assets of $11.9M (revenue +16.3% year-over-year).
- 2020: Revenue of $1.0M, expenses of $426K, and assets of $12.5M (revenue +90.0% year-over-year).
- 2019: Revenue of $546K, expenses of $353K, and assets of $2.2M (revenue +37.6% year-over-year).
- 2018: Revenue of $397K, expenses of $363K, and assets of $2.1M (revenue -18.5% year-over-year).
- 2017: Revenue of $487K, expenses of $443K, and assets of $2.2M (revenue -3.3% year-over-year).
- 2016: Revenue of $504K, expenses of $414K, and assets of $2.2M (revenue +3.5% year-over-year).
- 2015: Revenue of $486K, expenses of $355K, and assets of $2.2M (revenue -2.2% year-over-year).
- 2014: Revenue of $497K, expenses of $278K, and assets of $2.3M (revenue +10.5% year-over-year).
- 2013: Revenue of $450K, expenses of $283K, and assets of $2.3M (revenue +85.8% year-over-year).
- 2012: Revenue of $242K, expenses of $89K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Treasures For Hope:
Data Sources and Methodology
This transparency report for Treasures For Hope 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.