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Place of Hope

Palm Beach Gardens, FL · EIN 65-0841384 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Place of Hope reported $20.6 million in revenue and $12.8 million in expenses for calendar year 2024. Of every $100 it spent, $85.79 went to program services, $7.29 to management and general costs and $6.92 to fundraising. Its largest source of revenue was contributions and grants: 90.8% of the total. Government grants made up 5.9%. The highest compensation it reported for one person was $460,828 (CEO). 5 people received more than $100,000 in reportable compensation. Revenue rose 56% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $13M

For context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $21M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 3,614 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
85.8%87.2%
Management & general
Part IX 25(C) ÷ 25(A)
7.3%11.4%
Fundraising
Part IX 25(D) ÷ 25(A)
6.9%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.05$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
90.8%20.6%
Government grants share of revenue
Part VIII 1e ÷ 12
5.9%2.4%
Program service revenue share
Part VIII 2g ÷ 12
0.0%70.8%
Highest reported compensation
Part VII-A, columns D–F
$460,828$274,992
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
3.60%1.18%
People paid over $100,000
Part VII, line 2
56
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
37.56.9
Independent voting board members
Part VI 1a–1b
12 of 13100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$11M expenses · 100.0% of program spending · grants $2.2M

Place of Hope, inc's primary goal is to provide family-style foster care, family outreach and intervention, transitional housing and support services, foster care recruitment and support, maternity care, hope and healing opportunities for children and families who have been traumatized by abuse and neglect throughout our region. For more information please visit our website at www.placeofhope.com

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Director/trustee, officer, 50.00 hrs/week
$216,323$204,070$40,435$460,828
COO
Officer, 40.00 hrs/week
$224,284$0$33,282$257,566
CFO
Officer, 40.00 hrs/week
$160,056$0$30,632$190,688
DIR. CLINICA
Highest compensated employee, 40.00 hrs/week
$134,364$0$29,155$163,519
DIR HUMAN RE
Highest compensated employee, 40.00 hrs/week
$127,764$0$31,750$159,514

5 people received more than $100,000 in reportable compensation from Place of Hope (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$21M$13M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 (amended) ⓘ$21M$13M85.8%$40M$460,828
2023 ⓘ$16M$27M92.7%$32M$432,273
2022 ⓘ$21M$7.9M86.0%$39M$406,109
2021 ⓘ$12M$7.4M86.8%$29M$383,560
2020 ⓘ$14M$7.2M86.3%$24M$373,793
2019 ⓘ$13M$7.9M87.0%$27M$305,771

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b13 · 12 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5109
  • Volunteers Part I, line 61,000

Private foundation grants it received

60 private foundations reported grants to Place of Hope totaling $2.7M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Place of Hope's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Place of Hope, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All human services charities · Largest charities in Florida

Questions people ask

How much of Place of Hope's spending goes to programs?

In calendar year 2024, Place of Hope reported that 85.8% of its $12.8 million in expenses went to program services, 7.3% to management and general and 6.9% to fundraising (Form 990, Part IX).

How much does Place of Hope pay its top executive?

The largest total compensation Place of Hope reported for one person in calendar year 2024 was $460,828, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Place of Hope get its money?

Of $20.6 million in revenue in calendar year 2024, 90.8% came from contributions and grants (including 5.9% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is Place of Hope a registered charity?

The IRS lists EIN 65-0841384 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024 (amended), object 202601759349301105 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202423179349304782 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202322089349300937 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202212149349301661 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202122169349301652 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202012109349300701 · read the filing

All filings for EIN 65-0841384: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.