My Sisters Place Inc
EIN: 581871398 · Marshall, NC · NTEE: F60Z
Is My Sisters Place Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About My Sisters Place Inc
My Sisters Place Inc (EIN: 581871398) is a nonprofit organization based in Marshall, NC, classified under NTEE code F60Z. The organization reported total revenue of $466K and total assets of $398K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of My Sisters Place Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
My Sisters Place Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $446K |
| Total Expenses | $386K |
| Surplus / Deficit | +$60K |
| Total Assets | $393K |
| Total Liabilities | $515 |
| Net Assets | $392K |
| Operating Margin | 13.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2023, My Sisters Place Inc reported a surplus of $60K with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), My Sisters Place Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +7.0% | +14.9% |
| 2022 | -4.7% | +16.9% | +3.5% |
| 2021 | +28.7% | +5.1% | +64.5% |
| 2020 | +4.7% | -5.6% | +18.5% |
| 2019 | +11.2% | +14.4% | +13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for My Sisters Place Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates My Sisters Place Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $60K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about My Sisters Place Inc
Is My Sisters Place Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, My Sisters Place Inc (EIN: 581871398) insufficient data. 0 red flags identified, 0 strengths noted.
How does My Sisters Place Inc spend its money?
Detailed spending breakdown data is not yet available for My Sisters Place Inc. Check back for updated IRS 990 analysis.
Are donations to My Sisters Place Inc tax-deductible?
My Sisters Place Inc is registered as a tax-exempt nonprofit (EIN: 581871398). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for My Sisters Place Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), My Sisters Place Inc's revenue has grown by 80%, moving from $248K to $446K. Total assets increased by 58.8% over the same period, from $247K to $393K. Total functional expenses rose by 59.3%, from $242K to $386K. In its most recent filing year (2023), My Sisters Place Inc reported a surplus of $60K, with revenue exceeding expenses. The organization holds $515 in liabilities against $393K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $392K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $446K | $386K | $393K | $515 | — | — |
| 2022 | $407K | $361K | $342K | $10K | — | View 990 |
| 2021 | $427K | $309K | $330K | $44K | — | — |
| 2020 | $332K | $294K | $201K | $32K | — | View 990 |
| 2019 | $317K | $311K | $169K | $38K | — | View 990 |
| 2018 | $285K | $272K | $150K | $24K | — | View 990 |
| 2017 | $367K | $266K | $260K | $14K | — | View 990 |
| 2016 | $243K | $266K | $169K | $24K | — | View 990 |
| 2015 | $241K | $260K | $195K | $27K | — | View 990 |
| 2014 | $264K | $257K | $225K | $38K | — | View 990 |
| 2013 | $222K | $243K | $221K | $41K | — | View 990 |
| 2012 | $233K | $235K | $236K | $46K | — | View 990 |
| 2011 | $248K | $242K | $247K | $55K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $446K, expenses of $386K, and assets of $393K (revenue +9.7% year-over-year).
- 2022: Revenue of $407K, expenses of $361K, and assets of $342K (revenue -4.7% year-over-year).
- 2021: Revenue of $427K, expenses of $309K, and assets of $330K (revenue +28.7% year-over-year).
- 2020: Revenue of $332K, expenses of $294K, and assets of $201K (revenue +4.7% year-over-year).
- 2019: Revenue of $317K, expenses of $311K, and assets of $169K (revenue +11.2% year-over-year).
- 2018: Revenue of $285K, expenses of $272K, and assets of $150K (revenue -22.4% year-over-year).
- 2017: Revenue of $367K, expenses of $266K, and assets of $260K (revenue +51.2% year-over-year).
- 2016: Revenue of $243K, expenses of $266K, and assets of $169K (revenue +0.6% year-over-year).
- 2015: Revenue of $241K, expenses of $260K, and assets of $195K (revenue -8.5% year-over-year).
- 2014: Revenue of $264K, expenses of $257K, and assets of $225K (revenue +18.6% year-over-year).
- 2013: Revenue of $222K, expenses of $243K, and assets of $221K (revenue -4.6% year-over-year).
- 2012: Revenue of $233K, expenses of $235K, and assets of $236K (revenue -6.0% year-over-year).
- 2011: Revenue of $248K, expenses of $242K, and assets of $247K.
Data Sources and Methodology
This transparency report for My Sisters 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.