My Place To Be
My Place To Be shows consistent revenue growth and positive net assets with no reported officer compensation.
EIN: 205187025 · Newark, OH · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $926K |
| Total Expenses | $777K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $800,000 |
| Net Assets | $169K |
| Transparency Score | 88/100 |
Is My Place To Be Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
My Place To Be directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About My Place To Be
My Place To Be (EIN: 205187025) is a nonprofit organization based in Newark, OH, classified under NTEE code B28. The organization reported total revenue of $926K and total assets of $185K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of My Place To Be's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
My Place To Be is a small nonprofit that has been operating for 19 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 41.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $798K |
| Total Expenses | $777K |
| Surplus / Deficit | +$22K |
| Total Assets | $226K |
| Total Liabilities | $58K |
| Net Assets | $169K |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 25.5% |
| Months of Reserves | 3.5 months |
Financial Health Grade: A
In 2023, My Place To Be reported a surplus of $22K with revenue exceeding expenses, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 25.5% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), My Place To Be's revenue has grown at a compound annual growth rate (CAGR) of 41.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.6% | +22.2% | +190.4% |
| 2022 | -5.4% | +12.6% | +41.1% |
| 2021 | +34.1% | +4.2% | +43.3% |
| 2020 | +4.9% | +14.6% | +3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Place To Be with a Mission Score of 88 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 Place To Be 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 $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.5%.
Executive Compensation Analysis
My Place To Be reports 0% officer compensation across all available filings, which is highly unusual for an organization with nearly $800,000 in annual expenses. This suggests either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which could obscure true administrative costs.
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 Place To Be's IRS 990 filings:
- 0% reported officer compensation may obscure true executive costs or indicate reliance on unpaid leadership, which can be unsustainable long-term.
Strengths
The following positive indicators were identified for My Place To Be:
- 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.
Frequently Asked Questions about My Place To Be
Is My Place To Be a legitimate charity?
My Place To Be (EIN: 205187025) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 88/100. It has 7 years of IRS 990 filings on record. Total revenue: $926K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does My Place To Be spend its money?
My Place To Be directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to My Place To Be tax-deductible?
My Place To Be is registered as a tax-exempt nonprofit (EIN: 205187025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the My Place To Be CEO make?
My Place To Be's highest-compensated officer earns $800,000 annually. The organization reported $926K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of My Place To Be's spending goes to programs?
My Place To Be directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does My Place To Be compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), My Place To Be is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is My Place To Be located?
My Place To Be is headquartered in Newark, Ohio and files with the IRS under EIN 205187025. It is classified under NTEE code B28.
How many years of IRS 990 filings does My Place To Be have?
My Place To Be has 7 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 $926K in total revenue.
How does My Place To Be manage to operate with 0% reported officer compensation?
The IRS 990 filings for My Place To Be consistently show 0% officer compensation. This could mean the executive leadership is entirely volunteer-based, or their compensation is reported under other expense categories, which would require a deeper dive into their financial statements to clarify.
What is the specific breakdown of program, administrative, and fundraising expenses for My Place To Be?
While the provided data doesn't offer a detailed breakdown, the overall financial health and positive net income suggest a reasonable allocation. Without specific line items from the 990, a precise percentage for each category cannot be definitively stated, but the general trend indicates efficient spending.
What is the primary source of My Place To Be's significant revenue growth from $99,279 in 2017 to $798,439 in 2023?
The provided data indicates a substantial increase in revenue over this period. To understand the primary source, one would need to examine the specific revenue streams reported on their IRS 990s, such as contributions, program service revenue, or grants.
Filing History
IRS 990 filing history for My Place To Be showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), My Place To Be's revenue has grown by 704.2%, moving from $99K to $798K. Total assets increased by 962.7% over the same period, from $21K to $226K. Total functional expenses rose by 730.9%, from $93K to $777K. In its most recent filing year (2023), My Place To Be reported a surplus of $22K, with revenue exceeding expenses. The organization holds $58K in liabilities against $226K in assets (debt-to-asset ratio: 25.5%), resulting in net assets of $169K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $798K | $777K | $226K | $58K | — | — |
| 2022 | $612K | $636K | $78K | $56K | — | View 990 |
| 2021 | $647K | $564K | $55K | $9K | — | View 990 |
| 2020 | $482K | $541K | $39K | $77K | — | View 990 |
| 2019 | $459K | $472K | $37K | $16K | — | View 990 |
| 2018 | $0 | $0 | $0 | $0 | — | View 990 |
| 2017 | $99K | $93K | $21K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $798K, expenses of $777K, and assets of $226K (revenue +30.6% year-over-year).
- 2022: Revenue of $612K, expenses of $636K, and assets of $78K (revenue -5.4% year-over-year).
- 2021: Revenue of $647K, expenses of $564K, and assets of $55K (revenue +34.1% year-over-year).
- 2020: Revenue of $482K, expenses of $541K, and assets of $39K (revenue +4.9% year-over-year).
- 2019: Revenue of $459K, expenses of $472K, and assets of $37K.
- 2018: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2017: Revenue of $99K, expenses of $93K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for My Place To Be:
Data Sources and Methodology
This transparency report for My Place To Be 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.