HEART OF ADOPTIONS ALLIANCE INC
Mission Statement
HOAA is licensed by the State of Florida to provide professional, full-service adoption assistance statewide. For over two decades, HOAA has been dedicated to helping families navigate the adoption process with care and expertise. We provide a full range of domestic adoption services, including supporting the placement of children from foster care, and assistance for expectant and birth parents. Our work is grounded in a commitment to high ethical standards, ensuring that every adoption is handled with integrity and the utmost respect for all parties involved. At HOAA, we understand that adoption is a life-changing journey, and we are here to guide our clients every step of the way—from the first inquiry to post-placement support.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.7% | 90.2% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.6% | 6.5% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.6% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
3.0% | 21.8% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.7 mo | 6.9 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
29.9% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
43.3% | 99.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-13.9% | 5.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-12.2% | 7.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
7.4% | 0.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $506K | $468K | $143K | 80.7% | 5 |
| 2023 | $587K | $533K | $93K | 84.1% | 0 |
| 2022 | $458K | $472K | $39K | 80.6% | 0 |
| 2021 | $251K | $192K | N/A | — | 0 |
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