PLACE OF HOPE INC Charity Report

Public IRS 990 nonprofit record

PLACE OF HOPE INC

EIN 65-0841384 · Residential Care & Adult Day Programs (P70)

What they do

PLACE of HOPE is DEDICATED to PROVIDING A STABLE and LOVING FAMILY ENVIRONMENT for CHILDREN WHO ARE HURTING and THEIR FAMILIES. WE ARE COMMITTED to MEETING DESPERATE NEEDS IN OUR COMMUNITY BY SHARING GODS LOVE and PLACING HOPE IN THEIR LIVES - ONE CHILD and FAMILY AT A TIME.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

53.45%of revenue went to mission work85.8% of expenses · Program services

4.31%of revenue went to fundraising6.9% of expenses

$62.31spent for every $100 of revenueRevenue covered expenses this year.

4.54%of revenue went to management and office costs7.3% of expenses

$3.27in assets for every $1 spent this yearSome assets cannot be spent right away.

90.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $257,566 for SHANNON ANDERSON (COO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$20,570,490

Mission workProgram services$10,995,52653.45% of revenue85.8% of expenses

ManagementOffice and general costs$934,7504.54% of revenue7.3% of expenses

FundraisingAsking for donations$886,2784.31% of revenue6.9% of expenses

Revenue left after expensesReported annual surplus$7,753,93637.69% of revenueShown in gray on the chart

Total expenses$12,816,55462.31% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.8% mission · 7.3% management · 6.9% fundraisingTotal expenses: 62.31% of revenue

2023Expense mix: 92.7% mission · 3.5% management · 3.8% fundraisingTotal expenses: 172.73% of revenue

2022Expense mix: 86.0% mission · 8.8% management · 5.2% fundraisingTotal expenses: 37.36% of revenue

2021Expense mix: 86.8% mission · 6.6% management · 6.6% fundraisingTotal expenses: 62.45% of revenue

2020Expense mix: 86.3% mission · 6.4% management · 7.3% fundraisingTotal expenses: 51.73% of revenue

2019Expense mix: 87.0% mission · 4.9% management · 8.1% fundraisingTotal expenses: 59.98% of revenue

2018Expense mix: 85.7% mission · 7.1% management · 7.3% fundraisingTotal expenses: 75.73% of revenue

2017Expense mix: 85.5% mission · 5.4% management · 9.1% fundraisingTotal expenses: 60.33% of revenue

Money in and money out

Revenue$20,570,490

Expenses$12,816,554

Annual surplus $7,753,936 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,995,526 · 85.8% of expenses

Management and office costs$934,750 · 7.3% of expenses

Fundraising$886,278 · 6.9% of expenses

See all reported dollar amounts

Revenue$20,570,490

Expenses$12,816,554

Assets$41,856,273

Income$22,391,985

Contributions$18,676,711

Mission work (program services)$10,995,526

Fundraising$886,278

Grants given$24,612,864

Average grant$1,295,414

Management and general$934,750

Executive compensation (total)$356,527

Stocks and bonds$1,606,544

Accounting fees$26,500

Investing fees$39,875

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SHANNON ANDERSONCOO · 40 hrs/week $257,566Base $224,284 · Other $33,282

CHARLES L BENDER IIICEO · 50 hrs/week $256,758Base $216,323 · Other $40,435

SABRINA HOGUECFO · 40 hrs/week $190,688Base $160,056 · Other $30,632

GINA FAZIODIR. CLINICA · 40 hrs/week $163,519Base $134,364 · Other $29,155

ARIELLA PERONIDIR HUMAN RE · 40 hrs/week $159,514Base $127,764 · Other $31,750

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

SHANNON ANDERSONCOO

CHARLES L BENDER IIICEO

SABRINA HOGUECFO

GINA FAZIODIR. CLINICA

ARIELLA PERONIDIR HUMAN RE

TOM LANEDIRECTOR

THOMAS D MULLINS PHDDIRECTOR

RONALD NOCERACHAIRMAN

REBECCA DEMICDIRECTOR

LEIGHAN RINKER ED DDIRECTOR

JOSEPH A KLOBA ED DDIRECTOR

JOHN T CHRISTIANSENDIRECTOR

JOHN ERBYDIRECTOR

JEANNINE MORRISDIRECTOR

J TODD MULLINS D MINDIRECTOR

ELLIS C MCKENZIE REVDIRECTOR

DONNA MULLINSDIRECTOR

About this charity

Recognized since: January 1998
Location: 9078 ISAIAH LN, WEST PALM BCH, FL 33418-4637
County: Palm Beach
In care of: % PLAC
Primary officer: CHARLES L BENDER III, CEO

How to reach them

EmailJamieB@placeofhope.com Phone(561) 775-7195

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: SULLIVAN & FENGLER
NTEE classification: Residential Care & Adult Day Programs (P70)
IRS tax category: Residential Care & Adult Day Programs
Grant-giving organization: Yes