Quick charity verification for My Place Teen Center Inc (EIN: 10509578)
Verdict: My Place Teen Center Inc appears trustworthy
95/100Mission Score
$2.9MRevenue
$4.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent and significant revenue growth over a decade (from $557,961 in 2014 to $1,660,944 in 2023).
Zero reported officer compensation across all available filings, indicating high efficiency and mission focus.
Healthy and growing asset base ($653,026 in 2014 to $2,589,667 in 2023) with low liabilities, demonstrating strong financial stability.
Expenses consistently lower than revenue, allowing for asset accumulation and sustainable operations.
Strong financial health and stability with a high asset-to-liability ratio.
Spending Breakdown
How My Place Teen Center Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 My Place Teen Center Inc
Is My Place Teen Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, My Place Teen Center Inc (EIN: 10509578) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is My Place Teen Center Inc a good charity to donate to?
My Place Teen Center Inc has a Mission Score of 95/100. Revenue: $2.9M. Assets: $4.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for My Place Teen Center Inc?
The Employer Identification Number (EIN) for My Place Teen Center Inc is 10509578. 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 My Place Teen Center Inc spend its money?
My Place Teen Center Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify My Place Teen Center Inc's tax-exempt status?
You can verify My Place Teen Center Inc's tax-exempt status using EIN 10509578 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
My Place Teen Center Inc demonstrates strong financial health and growth over the past decade. Revenue has consistently increased, from $557,961 in 2014 to $1,660,944 in 2023, indicating growing support and operational capacity. The organization maintains a healthy asset base, which has also grown significantly from $653,026 to $2,589,667 over the same period, suggesting good financial management and reserves. Liabilities remain relatively low compared to assets, indicating a stable financial position.
Spending efficiency appears to be very good, with expenses consistently lower than revenue, allowing for asset accumulation. For instance, in 2023, expenses were $1,123,723 against revenues of $1,660,944. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice is highly commendable and suggests a volunteer-driven or very low-cost leadership model.
Overall, My Place Teen Center Inc exhibits robust financial management, consistent growth, and a high degree of transparency regarding executive compensation. Their financial trajectory suggests a well-managed organization effectively utilizing its resources to achieve its mission.