Is Place Legit?

Red Flags

Significant operating deficit in 2023 ($4,617,278, as expenses exceeded revenue)
Highly volatile financial performance with large swings in revenue, expenses, assets, and liabilities year-over-year
Substantial and fluctuating liabilities, peaking at $83,498,733 in 2022
Lack of detailed program spending breakdown in the provided summary data, making efficiency assessment difficult

Spending Breakdown

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

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Place

Is Place a legitimate charity?

Based on AI analysis of IRS 990 filings, Place (EIN: 204361698) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.

Is Place a good charity to donate to?

Place has a Mission Score of 65/100. Revenue: $1.5M. Assets: $13.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Place?

The Employer Identification Number (EIN) for Place is 204361698. 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 Place spend its money?

Place allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Place's tax-exempt status using EIN 204361698 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

Place demonstrates inconsistent financial performance over the past several years, with significant fluctuations in both revenue and expenses. For instance, in 2023, the organization reported revenue of $2,936,446 but expenses of $7,553,724, indicating a substantial operating deficit. This contrasts sharply with 2022, where revenue ($896,204) significantly exceeded expenses ($415,664). The organization's assets have also seen dramatic shifts, peaking at $88,063,174 in 2022 before dropping to $14,803,036 in 2023, alongside a high level of liabilities ($11,972,865 in 2023). These large swings suggest potential volatility or significant non-operating activities impacting their financial statements. 

The consistent reporting of 0% officer compensation across all available filings indicates strong transparency regarding executive pay, as it suggests either no paid officers or that compensation is reported under other categories, which would warrant further investigation for clarity. However, the substantial and fluctuating liabilities, particularly the $83,498,733 in 2022, raise questions about the nature of these obligations and their impact on the organization's long-term financial stability. While program spending details are not provided in the summary data, the overall financial picture suggests a need for closer examination of their operational efficiency and the drivers behind these significant financial changes.

Verdict: Place shows mixed signals