Quick charity verification for My Place To Be (EIN: 205187025)
Verdict: My Place To Be appears trustworthy
88/100Mission Score
$926KRevenue
$185KAssets
1Red Flags
5Strengths
Red Flags
0% reported officer compensation may obscure true executive costs or indicate reliance on unpaid leadership, which can be unsustainable long-term.
Strengths
Consistent revenue growth, increasing from $99,279 in 2017 to $798,439 in 2023.
Strong asset growth, from $21,310 in 2017 to $226,458 in 2023, indicating financial stability.
Positive net income in most recent years (e.g., $21,632 in 2023), demonstrating fiscal responsibility.
Manageable liabilities relative to assets, suggesting good financial control.
No reported officer compensation, potentially indicating a high dedication of funds to programs.
Spending Breakdown
How My Place To Be allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 To Be
Is My Place To Be a legitimate charity?
Based on AI analysis of IRS 990 filings, My Place To Be (EIN: 205187025) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is My Place To Be a good charity to donate to?
My Place To Be has a Mission Score of 88/100. Revenue: $926K. Assets: $185K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for My Place To Be?
The Employer Identification Number (EIN) for My Place To Be is 205187025. 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 To Be spend its money?
My Place To Be allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify My Place To Be's tax-exempt status?
You can verify My Place To Be's tax-exempt status using EIN 205187025 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 To Be demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past several years, culminating in $798,439 in revenue for the 2023 period. The organization has maintained positive net assets, growing from $21,310 in 2017 to $226,458 in 2023, indicating sound financial management and an ability to build reserves. Their liabilities have remained manageable relative to assets, suggesting good fiscal control.
The organization appears to be efficient in its spending, as evidenced by the consistent positive net income in most recent years (e.g., $21,632 in 2023). The absence of reported officer compensation across all filings is a significant indicator of either a volunteer-led executive team or compensation being reported under other expense categories, which warrants further investigation for complete transparency. However, on the surface, this suggests a high dedication of resources to the mission rather than administrative overhead.
Overall, My Place To Be exhibits strong financial health and spending efficiency based on the provided data. The consistent growth, positive asset accumulation, and lack of reported officer compensation point towards a well-managed and mission-focused organization. Further details on program vs. administrative spending would enhance the transparency assessment, but the available data is positive.