My Sisters Place Of Gainesville Inc

My Sisters Place Of Gainesville Inc shows consistent revenue growth and strong financial health with no reported officer compensation.

EIN: 161619238 · Gainesville, GA · NTEE: L41 · Updated: 2026-03-28

$1.3MRevenue

$1.5MAssets

90/100Mission Score (Excellent)

L41

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.

AI Transparency Report

My Sisters Place Of Gainesville Inc demonstrates strong financial health and growth, with its latest reported revenue at $950,608 and assets at $1,342,860 for the period ending 202312. The organization has shown consistent revenue growth over the past several years, more than doubling its revenue from $401,669 in 2021 to $950,608 in 2023. This growth is coupled with a healthy asset base that has also steadily increased. The organization's liabilities remain relatively low compared to its assets, indicating good financial stability. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of spending efficiency and transparency.

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.

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

Is My Sisters Place Of Gainesville Inc a good charity?

Based on the available financial data, My Sisters Place Of Gainesville Inc appears to be a good charity. It demonstrates strong financial growth, healthy asset management, and a commitment to its mission by reporting 0% officer compensation across all filings. Its program spending ratio is also likely high given the lack of executive salaries.

How has the organization's revenue changed over time?

My Sisters Place Of Gainesville Inc has experienced significant revenue growth, increasing from $133,822 in 2015 to $950,608 in 2023. This represents a substantial and consistent upward trend, indicating growing support and operational capacity.

What is the organization's financial stability?

The organization shows strong financial stability. Its assets have consistently grown, reaching $1,342,860 in 2023, while liabilities remain relatively low at $97,166 for the same period. This indicates a healthy balance sheet and good financial management.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$951K	$701K	$1.3M	$97K	—	—
2022	$611K	$481K	$1.1M	$190K	—	View 990
2021	$402K	$321K	$924K	$59K	—	View 990
2020	$316K	$253K	$763K	$650	—	View 990
2019	$305K	$269K	$699K	$278	—	View 990
2018	$217K	$230K	$667K	$586	—	View 990
2017	$205K	$231K	$679K	$354	—	View 990
2016	$181K	$161K	$706K	$0	—	View 990
2015	$134K	$146K	$687K	$751	—	View 990
2014	$168K	$166K	$696K	$0	—	View 990
2013	$351K	$88K	$695K	$593	—	View 990
2012	$73K	$66K	$430K	$0	—	View 990
2011	$133K	$57K	$423K	$0	—	View 990

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.

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.