My Very Own Bed
EIN: 465071773 · Minneapolis, MN · NTEE: L41
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $850K |
| Net Assets | $591K |
Is My Very Own Bed Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About My Very Own Bed
My Very Own Bed (EIN: 465071773) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code L41. The organization reported total revenue of $1.1M and total assets of $949K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of My Very Own Bed's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
My Very Own Bed is a mid-size nonprofit that has been operating for 12 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 53.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $850K |
| Surplus / Deficit | +$154K |
| Total Assets | $696K |
| Total Liabilities | $105K |
| Net Assets | $591K |
| Operating Margin | 15.3% |
| Debt-to-Asset Ratio | 15.1% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2023, My Very Own Bed reported a surplus of $154K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 15.1% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), My Very Own Bed's revenue has grown at a compound annual growth rate (CAGR) of 53.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | -4.5% | +37.3% |
| 2022 | +31.9% | +39.7% | +70.8% |
| 2021 | +67.2% | +78.3% | +29.9% |
| 2020 | +17.8% | +52.6% | +29.0% |
| 2019 | +138.4% | +60.9% | +376.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for My Very Own Bed 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 Very Own Bed 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 $154K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.1%.
Frequently Asked Questions about My Very Own Bed
Is My Very Own Bed a legitimate charity?
My Very Own Bed (EIN: 465071773) is a registered tax-exempt nonprofit based in Minnesota. It has 7 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does My Very Own Bed spend its money?
My Very Own Bed reported $1.1M in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to My Very Own Bed tax-deductible?
My Very Own Bed is registered as a tax-exempt nonprofit (EIN: 465071773). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is My Very Own Bed located?
My Very Own Bed is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 465071773. It is classified under NTEE code L41.
How many years of IRS 990 filings does My Very Own Bed have?
My Very Own Bed 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for My Very Own Bed showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), My Very Own Bed's revenue has grown by 1187.7%, moving from $78K to $1.0M. Total assets increased by 2238% over the same period, from $30K to $696K. Total functional expenses rose by 1445.5%, from $55K to $850K. In its most recent filing year (2023), My Very Own Bed reported a surplus of $154K, with revenue exceeding expenses. The organization holds $105K in liabilities against $696K in assets (debt-to-asset ratio: 15.1%), resulting in net assets of $591K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $850K | $696K | $105K | — | — |
| 2022 | $925K | $891K | $507K | $71K | — | View 990 |
| 2021 | $702K | $638K | $297K | $9K | — | View 990 |
| 2020 | $420K | $358K | $229K | $11K | — | — |
| 2019 | $356K | $234K | $177K | $22K | — | View 990 |
| 2018 | $149K | $146K | $37K | $4K | — | View 990 |
| 2017 | $78K | $55K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $850K, and assets of $696K (revenue +8.6% year-over-year).
- 2022: Revenue of $925K, expenses of $891K, and assets of $507K (revenue +31.9% year-over-year).
- 2021: Revenue of $702K, expenses of $638K, and assets of $297K (revenue +67.2% year-over-year).
- 2020: Revenue of $420K, expenses of $358K, and assets of $229K (revenue +17.8% year-over-year).
- 2019: Revenue of $356K, expenses of $234K, and assets of $177K (revenue +138.4% year-over-year).
- 2018: Revenue of $149K, expenses of $146K, and assets of $37K (revenue +91.6% year-over-year).
- 2017: Revenue of $78K, expenses of $55K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for My Very Own Bed:
Data Sources and Methodology
This transparency report for My Very Own Bed 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.