Is Mitchells Place Inc Legit?

Strengths

Consistent revenue growth over the past decade, from $2.19M in 2014 to $5.31M in 2023, indicating increasing support and impact.
No reported officer compensation across 13 filings, suggesting a strong commitment to directing funds towards programmatic activities.
Assets consistently exceed liabilities, demonstrating financial solvency and a stable balance sheet.
Regular and consistent filing of IRS 990s over 13 periods, indicating good governance and transparency practices.

Spending Breakdown

How Mitchells Place Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Mitchells Place Inc

Is Mitchells Place Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Mitchells Place Inc (EIN: 201056421) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.

Is Mitchells Place Inc a good charity to donate to?

Mitchells Place Inc has a Mission Score of 92/100. Revenue: $5.6M. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mitchells Place Inc?

The Employer Identification Number (EIN) for Mitchells Place Inc is 201056421. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Mitchells Place Inc spend its money?

Mitchells Place Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mitchells Place Inc's tax-exempt status?

You can verify Mitchells Place Inc's tax-exempt status using EIN 201056421 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Mitchells Place Inc. demonstrates a consistent pattern of growth in revenue and expenses over the past decade, indicating an expanding operational scope. While the organization has experienced periods where expenses exceeded revenue, such as in 2023 ($5,474,166 in expenses vs. $5,314,625 in revenue) and 2022 ($4,633,233 in expenses vs. $4,424,369 in revenue), its asset base has generally remained stable or increased, suggesting a reasonable financial foundation. The absence of reported officer compensation across all available filings is a significant indicator of strong financial transparency and a commitment to directing resources towards its mission rather than executive salaries.

The organization's financial health appears stable, with assets consistently exceeding liabilities, although the liability-to-asset ratio has fluctuated. For instance, in 2023, liabilities were $2,283,986 against assets of $3,363,268, which is a manageable ratio. The consistent growth in revenue, from $2,191,660 in 2014 to $5,314,625 in 2023, reflects increasing support and demand for its services. The lack of reported officer compensation is a strong positive for transparency and efficiency, as it implies that leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is unusual for an organization of this size and could warrant further inquiry for complete understanding.

Overall, Mitchells Place Inc. appears to be a financially sound organization with a clear commitment to its mission, as evidenced by its growth and the absence of reported officer compensation. Its spending efficiency, while not fully detailed in the provided data, is positively influenced by the lack of executive compensation. The consistent filing of IRS 990s over 13 periods also points to good compliance and transparency practices.

Verdict: Mitchells Place Inc appears trustworthy

Red Flags