Village of Hope Palm Beach County Inc

Analysis

Village of Hope Palm Beach County Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Village of Hope Palm Beach County Inc reported income of $1.3m and spending of $2.1m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $707k to $1.3m (+89%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village of Hope Palm Beach County Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Black Women Build - Baltimore ($1.3m), Mutual Housing Association of Baltimore Inc ($1.3m) and Louttit Manor Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $196k (9.5% of expenses). Other salaries and wages came to $305k. At year end it held assets of $2.5m against liabilities of $146k, net assets of $2.3m. It reported 9 employees.