Mitchells Place Inc
Mitchells Place Inc. shows consistent growth and no reported officer compensation across 13 filings.
EIN: 201056421 · Birmingham, AL · NTEE: G84 · Updated: 2026-03-28
Is Mitchells Place Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mitchells Place Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mitchells Place Inc
Mitchells Place Inc (EIN: 201056421) is a nonprofit organization based in Birmingham, AL, classified under NTEE code G84. The organization reported total revenue of $5.6M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mitchells Place Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mitchells Place Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.3M |
| Total Expenses | $5.5M |
| Surplus / Deficit | $-159,541 |
| Total Assets | $3.4M |
| Total Liabilities | $2.3M |
| Net Assets | $1.1M |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 67.9% |
| Months of Reserves | 7.4 months |
Financial Health Grade: C
In 2023, Mitchells Place Inc reported a deficit of $160K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 67.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mitchells Place Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.1% | +18.2% | -6.0% |
| 2022 | +6.5% | +26.2% | +15.5% |
| 2021 | +23.7% | +18.0% | +11.3% |
| 2020 | +13.8% | +3.3% | +8.3% |
| 2019 | +22.8% | +10.0% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mitchells Place Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Mitchells Place Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $160K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available IRS 990 filings, which is highly unusual for an organization with annual revenues exceeding $5 million. This suggests that executive leadership may be volunteer-based or compensated through mechanisms not classified as officer compensation on the 990, indicating a strong commitment to directing funds to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mitchells Place Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization of this size is unusual and warrants further inquiry into executive compensation structure.
- Expenses exceeded revenue in several recent periods (e.g., 2023, 2022, 2019, 2018, 2017), indicating potential reliance on reserves or prior year surpluses to cover operational costs.
Strengths
The following positive indicators were identified for Mitchells Place Inc:
- 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.
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) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Mitchells Place Inc spend its money?
Mitchells Place Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mitchells Place Inc tax-deductible?
Mitchells Place Inc is registered as a tax-exempt nonprofit (EIN: 201056421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mitchells Place Inc. manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this size. It suggests that executive leadership may be volunteer-based, or compensated through other means not categorized as 'officer compensation' on the IRS Form 990, such as through a related entity or as general staff salaries. Further investigation into their operational structure and compensation practices would be beneficial for a complete understanding.
What is the primary reason for the periods where expenses exceeded revenue, such as in 2023 and 2022?
In 2023, expenses ($5,474,166) exceeded revenue ($5,314,625) by $159,541, and in 2022, expenses ($4,633,233) exceeded revenue ($4,424,369) by $208,864. This could be due to strategic investments in programs, expansion of services, or temporary operational shortfalls. Given the overall growth in assets and revenue over the long term, these appear to be manageable deficits rather than signs of severe financial distress.
How has the organization's asset base evolved relative to its liabilities?
The organization's assets have generally grown from $2,637,382 in 2014 to $3,363,268 in 2023, while liabilities have also increased from $1,171,061 to $2,283,986 over the same period. Although liabilities have grown, assets consistently exceed liabilities, indicating a solvent financial position. The ratio of liabilities to assets has increased, suggesting a greater reliance on debt or deferred revenue in recent years.
Filing History
IRS 990 filing history for Mitchells Place Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mitchells Place Inc's revenue has grown by 172.6%, moving from $1.9M to $5.3M. Total assets increased by 37.8% over the same period, from $2.4M to $3.4M. Total functional expenses rose by 182.3%, from $1.9M to $5.5M. In its most recent filing year (2023), Mitchells Place Inc reported a deficit of $160K, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $3.4M in assets (debt-to-asset ratio: 67.9%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.3M | $5.5M | $3.4M | $2.3M | — | — |
| 2022 | $4.4M | $4.6M | $3.6M | $2.3M | — | View 990 |
| 2021 | $4.2M | $3.7M | $3.1M | $1.6M | — | View 990 |
| 2020 | $3.4M | $3.1M | $2.8M | $1.8M | — | View 990 |
| 2019 | $3.0M | $3.0M | $2.6M | $1.8M | — | View 990 |
| 2018 | $2.4M | $2.7M | $2.6M | $1.8M | — | View 990 |
| 2017 | $2.2M | $2.6M | $3.1M | $1.9M | — | View 990 |
| 2016 | $2.3M | $2.2M | $3.5M | $2.0M | — | View 990 |
| 2015 | $2.2M | $2.2M | $2.5M | $1.2M | — | View 990 |
| 2014 | $2.2M | $2.0M | $2.6M | $1.2M | — | View 990 |
| 2013 | $2.2M | $2.0M | $2.5M | $1.2M | — | View 990 |
| 2012 | $2.7M | $2.0M | $2.3M | $1.2M | — | View 990 |
| 2011 | $1.9M | $1.9M | $2.4M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.3M, expenses of $5.5M, and assets of $3.4M (revenue +20.1% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.6M, and assets of $3.6M (revenue +6.5% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.7M, and assets of $3.1M (revenue +23.7% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.1M, and assets of $2.8M (revenue +13.8% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.0M, and assets of $2.6M (revenue +22.8% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.7M, and assets of $2.6M (revenue +8.5% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.6M, and assets of $3.1M (revenue -2.6% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.2M, and assets of $3.5M (revenue +3.1% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.2M, and assets of $2.5M (revenue +0.7% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.0M, and assets of $2.6M (revenue +1.4% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.0M, and assets of $2.5M (revenue -19.7% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.0M, and assets of $2.3M (revenue +38.0% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.9M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mitchells Place Inc:
Data Sources and Methodology
This transparency report for Mitchells Place Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.