Village Of Hope Palm Beach County Inc
Village Of Hope Palm Beach County Inc reports a significant deficit in 2023 after a surplus in 2022, with no officer compensation.
EIN: 204591024 · West Palm Bch, FL · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $2.1M |
| Program Spending | 80% |
| Net Assets | $2.3M |
| Transparency Score | 75/100 |
Is Village Of Hope Palm Beach County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Village Of Hope Palm Beach County Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Village Of Hope Palm Beach County Inc
Village Of Hope Palm Beach County Inc (EIN: 204591024) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code L20. The organization reported total revenue of $1.7M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Village Of Hope Palm Beach County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Village Of Hope Palm Beach County Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-734,331 |
| Total Assets | $2.5M |
| Total Liabilities | $146K |
| Net Assets | $2.3M |
| Operating Margin | -54.9% |
| Debt-to-Asset Ratio | 5.9% |
| Months of Reserves | 14.2 months |
Financial Health Grade: B
In 2023, Village Of Hope Palm Beach County Inc reported a deficit of $734K with expenses exceeding revenue, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 5.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Village Of Hope Palm Beach County Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | +111.9% | -21.9% |
| 2022 | +29.8% | +8.2% | +8.9% |
| 2021 | +10.3% | +4.8% | +0.9% |
| 2020 | +26.7% | +4.0% | +2.4% |
| 2019 | +1.6% | +8.1% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Village Of Hope Palm Beach County Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Village Of Hope Palm Beach County Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $734K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or their compensation is covered by other means not reported as officer compensation, which is a strong positive for donor perception of efficiency.
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 Village Of Hope Palm Beach County Inc's IRS 990 filings:
- Significant operating deficit in the latest fiscal year (202312) where expenses ($2,073,016) far exceeded revenue ($1,338,685).
- Substantial increase in expenses in 202312 without a corresponding increase in revenue, leading to financial instability.
- Decrease in assets from $3,144,590 in 202212 to $2,457,440 in 202312, potentially due to covering the operating deficit.
Strengths
The following positive indicators were identified for Village Of Hope Palm Beach County Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong transparency or volunteer leadership.
- Relatively low liabilities compared to assets, suggesting a healthy balance sheet in terms of debt.
- Long operational history with 13 IRS 990 filings, demonstrating sustained presence.
Frequently Asked Questions about Village Of Hope Palm Beach County Inc
Is Village Of Hope Palm Beach County Inc a legitimate charity?
Village Of Hope Palm Beach County Inc (EIN: 204591024) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Village Of Hope Palm Beach County Inc spend its money?
Village Of Hope Palm Beach County Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Village Of Hope Palm Beach County Inc tax-deductible?
Village Of Hope Palm Beach County Inc is registered as a tax-exempt nonprofit (EIN: 204591024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Village Of Hope Palm Beach County Inc's spending goes to programs?
Village Of Hope Palm Beach County Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Village Of Hope Palm Beach County Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Village Of Hope Palm Beach County Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Village Of Hope Palm Beach County Inc located?
Village Of Hope Palm Beach County Inc is headquartered in West Palm Bch, Florida and files with the IRS under EIN 204591024. It is classified under NTEE code L20.
How many years of IRS 990 filings does Village Of Hope Palm Beach County Inc have?
Village Of Hope Palm Beach 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 $1.7M in total revenue.
Is Village Of Hope Palm Beach County Inc a good charity?
The organization demonstrates strong transparency regarding executive compensation (0% reported) and has a history of providing services. However, the significant deficit in the latest fiscal year (202312) where expenses exceeded revenue by over $700,000 raises concerns about financial stability and operational efficiency that would need further investigation.
What caused the large increase in expenses in 2023?
In 202312, expenses jumped to $2,073,016 from $978,394 in 202212. This nearly doubling of expenses without a proportional increase in revenue is a critical area for donors to understand, as it led to a substantial operating deficit.
How does the organization plan to address the 2023 deficit?
The 202312 filing shows a deficit of $734,331. While the organization has assets of $2,457,440, sustained deficits could erode these reserves. The plan to return to financial stability is not detailed in the summary data but is crucial for future viability.
Filing History
IRS 990 filing history for Village Of Hope Palm Beach County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Village Of Hope Palm Beach County Inc's revenue has grown by 10.8%, moving from $1.2M to $1.3M. Total assets decreased by 4.7% over the same period, from $2.6M to $2.5M. Total functional expenses rose by 939.8%, from $199K to $2.1M. In its most recent filing year (2023), Village Of Hope Palm Beach County Inc reported a deficit of $734K, with expenses exceeding revenue. The organization holds $146K in liabilities against $2.5M in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $2.1M | $2.5M | $146K | — | — |
| 2022 | $1.3M | $978K | $3.1M | $131K | — | — |
| 2021 | $988K | $904K | $2.9M | $86K | — | View 990 |
| 2020 | $896K | $862K | $2.9M | $88K | — | — |
| 2019 | $707K | $830K | $2.8M | $80K | — | View 990 |
| 2018 | $696K | $767K | $2.9M | $131K | — | View 990 |
| 2017 | $449K | $558K | $2.9M | $33K | — | — |
| 2016 | $596K | $632K | $3.0M | $39K | — | View 990 |
| 2015 | $563K | $630K | $3.0M | $69K | — | View 990 |
| 2014 | $574K | $596K | $3.1M | $101K | — | View 990 |
| 2013 | $815K | $565K | $3.1M | $26K | — | View 990 |
| 2012 | $770K | $292K | $2.8M | $19K | — | View 990 |
| 2011 | $1.2M | $199K | $2.6M | $258K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $2.1M, and assets of $2.5M (revenue +4.4% year-over-year).
- 2022: Revenue of $1.3M, expenses of $978K, and assets of $3.1M (revenue +29.8% year-over-year).
- 2021: Revenue of $988K, expenses of $904K, and assets of $2.9M (revenue +10.3% year-over-year).
- 2020: Revenue of $896K, expenses of $862K, and assets of $2.9M (revenue +26.7% year-over-year).
- 2019: Revenue of $707K, expenses of $830K, and assets of $2.8M (revenue +1.6% year-over-year).
- 2018: Revenue of $696K, expenses of $767K, and assets of $2.9M (revenue +54.9% year-over-year).
- 2017: Revenue of $449K, expenses of $558K, and assets of $2.9M (revenue -24.6% year-over-year).
- 2016: Revenue of $596K, expenses of $632K, and assets of $3.0M (revenue +5.9% year-over-year).
- 2015: Revenue of $563K, expenses of $630K, and assets of $3.0M (revenue -1.9% year-over-year).
- 2014: Revenue of $574K, expenses of $596K, and assets of $3.1M (revenue -29.6% year-over-year).
- 2013: Revenue of $815K, expenses of $565K, and assets of $3.1M (revenue +5.9% year-over-year).
- 2012: Revenue of $770K, expenses of $292K, and assets of $2.8M (revenue -36.3% year-over-year).
- 2011: Revenue of $1.2M, expenses of $199K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Village Of Hope Palm Beach County Inc:
Data Sources and Methodology
This transparency report for Village Of Hope Palm Beach 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.