My Sisters Place Of Gainesville Inc

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My Sisters Place Of Gainesville Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

My Sisters Place Of Gainesville Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around My Sisters Place Of Gainesville Inc in one place.

Is My Sisters Place Of Gainesville Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, My Sisters Place Of Gainesville Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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My Sisters Place Of Gainesville Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About My Sisters Place Of Gainesville Inc

My Sisters Place Of Gainesville Inc (EIN: 161619238) is a nonprofit organization based in Gainesville, GA, classified under NTEE code L41. The organization reported total revenue of $1.3M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of My Sisters Place Of Gainesville Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

My Sisters Place Of Gainesville Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, My Sisters Place Of Gainesville Inc reported a surplus of $249K with revenue exceeding expenses, holds 23.0 months of operating reserves (strong position), has a debt-to-asset ratio of 7.2% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), My Sisters Place Of Gainesville Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.8%.

IRS Tax-Exempt Classification

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 Sisters Place Of Gainesville Inc with a Mission Score of 90 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, My Sisters Place Of Gainesville Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $249K, with revenue exceeding expenses.
• Debt-to-asset ratio: 7.2%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive sign, suggesting that all funds are directed towards the organization's mission and operational costs, especially for an organization with growing revenue and assets.

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.

Strengths

The following positive indicators were identified for My Sisters Place Of Gainesville Inc:

• Consistent and significant revenue growth, from $133,822 in 2015 to $950,608 in 2023.
• Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
• Healthy asset growth, reaching $1,342,860 in 2023, demonstrating strong financial health.
• Low liabilities relative to assets, indicating strong financial stability.
• Positive net income in recent years, with revenue exceeding expenses (e.g., $950,608 revenue vs. $701,365 expenses in 2023).

Frequently Asked Questions about My Sisters Place Of Gainesville Inc

Filing History

IRS 990 filing history for My Sisters Place Of Gainesville Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), My Sisters Place Of Gainesville Inc's revenue has grown by 616.9%, moving from $133K to $951K. Total assets increased by 217.6% over the same period, from $423K to $1.3M. Total functional expenses rose by 1130.2%, from $57K to $701K. In its most recent filing year (2023), My Sisters Place Of Gainesville Inc reported a surplus of $249K, with revenue exceeding expenses. The organization holds $97K in liabilities against $1.3M in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $1.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $951K, expenses of $701K, and assets of $1.3M (revenue +55.7% year-over-year).
• 2022: Revenue of $611K, expenses of $481K, and assets of $1.1M (revenue +52.0% year-over-year).
• 2021: Revenue of $402K, expenses of $321K, and assets of $924K (revenue +27.2% year-over-year).
• 2020: Revenue of $316K, expenses of $253K, and assets of $763K (revenue +3.7% year-over-year).
• 2019: Revenue of $305K, expenses of $269K, and assets of $699K (revenue +40.1% year-over-year).
• 2018: Revenue of $217K, expenses of $230K, and assets of $667K (revenue +6.2% year-over-year).
• 2017: Revenue of $205K, expenses of $231K, and assets of $679K (revenue +13.3% year-over-year).
• 2016: Revenue of $181K, expenses of $161K, and assets of $706K (revenue +34.9% year-over-year).
• 2015: Revenue of $134K, expenses of $146K, and assets of $687K (revenue -20.5% year-over-year).
• 2014: Revenue of $168K, expenses of $166K, and assets of $696K (revenue -52.1% year-over-year).
• 2013: Revenue of $351K, expenses of $88K, and assets of $695K (revenue +378.7% year-over-year).
• 2012: Revenue of $73K, expenses of $66K, and assets of $430K (revenue -44.6% year-over-year).
• 2011: Revenue of $133K, expenses of $57K, and assets of $423K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for My Sisters Place Of Gainesville Inc:

Data Sources and Methodology

This transparency report for My Sisters Place Of Gainesville 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.