My Own Place Inc
My Own Place Inc shows consistent revenue growth and high program spending with no reported officer compensation.
EIN: 201560679 · Hyattsville, MD · NTEE: F33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.6M |
| Total Expenses | $10.5M |
| Program Spending | 85% |
| Net Assets | $14.2M |
| Transparency Score | 92/100 |
Is My Own Place Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
My Own Place Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About My Own Place Inc
My Own Place Inc (EIN: 201560679) is a nonprofit organization based in Hyattsville, MD, classified under NTEE code F33. The organization reported total revenue of $10.6M and total assets of $16.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of My Own Place Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
My Own Place Inc is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.1M |
| Total Expenses | $10.5M |
| Surplus / Deficit | +$3.6M |
| Total Assets | $18.8M |
| Total Liabilities | $4.6M |
| Net Assets | $14.2M |
| Operating Margin | 25.8% |
| Debt-to-Asset Ratio | 24.5% |
| Months of Reserves | 21.5 months |
Financial Health Grade: A
In 2023, My Own Place Inc reported a surplus of $3.6M with revenue exceeding expenses, holds 21.5 months of operating reserves (strong position), has a debt-to-asset ratio of 24.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), My Own Place Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.8% | +14.5% | +31.7% |
| 2022 | -16.2% | +7.5% | +26.2% |
| 2021 | +12.5% | +3.7% | +37.2% |
| 2020 | +28.5% | +7.5% | +123.5% |
| 2019 | +6.6% | +1.7% | +34.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 My Own 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, My Own Place Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $3.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.5%.
Executive Compensation Analysis
My Own Place Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, directors, trustees, or key employees, which is highly unusual and suggests either a volunteer-led executive team or compensation is reported under other expense categories.
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 My Own Place Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is reported under other expense lines, potentially obscuring true executive costs.
Strengths
The following positive indicators were identified for My Own Place Inc:
- Strong and consistent revenue growth, increasing from $7.5M in 2015 to $14.1M in 2023.
- Significant asset growth, from $3.5M in 2015 to $18.8M in 2023, indicating financial stability and capacity.
- High program spending ratio, consistently at 85% of total expenses in recent years (2021-2023), demonstrating mission focus.
- Positive net assets trend, with assets consistently exceeding liabilities, indicating sound financial management.
- No reported officer compensation, suggesting a highly efficient or volunteer-driven executive structure.
Frequently Asked Questions about My Own Place Inc
Is My Own Place Inc a legitimate charity?
My Own Place Inc (EIN: 201560679) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.6M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does My Own Place Inc spend its money?
My Own Place Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to My Own Place Inc tax-deductible?
My Own Place Inc is registered as a tax-exempt nonprofit (EIN: 201560679). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of My Own Place Inc's spending goes to programs?
My Own Place Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does My Own Place Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), My Own Place Inc is above average for NTEE category F33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is My Own Place Inc located?
My Own Place Inc is headquartered in Hyattsville, Maryland and files with the IRS under EIN 201560679. It is classified under NTEE code F33.
How many years of IRS 990 filings does My Own Place Inc have?
My Own Place Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.6M in total revenue.
Is My Own Place Inc a good charity?
Based on its financial data, My Own Place Inc appears to be a very good charity. It demonstrates strong financial health with consistent revenue and asset growth, a high percentage of spending on program services (85% in 2023), and no reported officer compensation, indicating efficient use of funds for its mission.
How has My Own Place Inc's financial health changed over time?
My Own Place Inc has shown significant financial growth. Revenue increased from $7,512,840 in 2015 to $14,097,540 in 2023, and assets grew from $3,509,888 to $18,758,744 in the same period, indicating robust financial health and increasing capacity.
What is My Own Place Inc's spending efficiency?
My Own Place Inc exhibits high spending efficiency, with 85% of its total expenses in 2023 dedicated to program services. This consistent high program spending ratio across multiple years (85% in 2022 and 2021 as well) suggests effective allocation of resources towards its mission.
Does My Own Place Inc pay its executives?
According to all available IRS 990 filings, My Own Place Inc consistently reports 0% officer compensation. This suggests that either executive leadership is entirely volunteer-based, or compensation is categorized differently within the financial statements.
Filing History
IRS 990 filing history for My Own Place Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), My Own Place Inc's revenue has grown by 123.7%, moving from $6.3M to $14.1M. Total assets increased by 294.4% over the same period, from $4.8M to $18.8M. Total functional expenses rose by 60.6%, from $6.5M to $10.5M. In its most recent filing year (2023), My Own Place Inc reported a surplus of $3.6M, with revenue exceeding expenses. The organization holds $4.6M in liabilities against $18.8M in assets (debt-to-asset ratio: 24.5%), resulting in net assets of $14.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.1M | $10.5M | $18.8M | $4.6M | — | View 990 |
| 2022 | $10.4M | $9.1M | $14.2M | $3.6M | — | View 990 |
| 2021 | $12.4M | $8.5M | $11.3M | $1.6M | — | View 990 |
| 2020 | $11.0M | $8.2M | $8.2M | $2.4M | — | — |
| 2019 | $8.6M | $7.6M | $3.7M | $692K | — | View 990 |
| 2018 | $8.0M | $7.5M | $2.7M | $759K | — | View 990 |
| 2017 | $7.9M | $7.7M | $2.1M | $395K | — | View 990 |
| 2016 | $7.8M | $8.1M | $2.0M | $470K | — | View 990 |
| 2015 | $7.5M | $7.3M | $3.5M | $415K | — | View 990 |
| 2014 | $10.3M | $9.4M | $3.6M | $754K | — | View 990 |
| 2013 | $8.3M | $7.8M | $4.8M | $724K | — | View 990 |
| 2012 | $7.1M | $6.4M | $4.4M | $154K | — | View 990 |
| 2011 | $6.3M | $6.5M | $4.8M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.1M, expenses of $10.5M, and assets of $18.8M (revenue +35.8% year-over-year).
- 2022: Revenue of $10.4M, expenses of $9.1M, and assets of $14.2M (revenue -16.2% year-over-year).
- 2021: Revenue of $12.4M, expenses of $8.5M, and assets of $11.3M (revenue +12.5% year-over-year).
- 2020: Revenue of $11.0M, expenses of $8.2M, and assets of $8.2M (revenue +28.5% year-over-year).
- 2019: Revenue of $8.6M, expenses of $7.6M, and assets of $3.7M (revenue +6.6% year-over-year).
- 2018: Revenue of $8.0M, expenses of $7.5M, and assets of $2.7M (revenue +1.4% year-over-year).
- 2017: Revenue of $7.9M, expenses of $7.7M, and assets of $2.1M (revenue +2.3% year-over-year).
- 2016: Revenue of $7.8M, expenses of $8.1M, and assets of $2.0M (revenue +3.2% year-over-year).
- 2015: Revenue of $7.5M, expenses of $7.3M, and assets of $3.5M (revenue -27.0% year-over-year).
- 2014: Revenue of $10.3M, expenses of $9.4M, and assets of $3.6M (revenue +23.6% year-over-year).
- 2013: Revenue of $8.3M, expenses of $7.8M, and assets of $4.8M (revenue +17.3% year-over-year).
- 2012: Revenue of $7.1M, expenses of $6.4M, and assets of $4.4M (revenue +12.7% year-over-year).
- 2011: Revenue of $6.3M, expenses of $6.5M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for My Own Place Inc:
Data Sources and Methodology
This transparency report for My Own 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.