Our Place In New York Inc
Our Place In New York Inc reports a recent operating deficit after a period of growth, maintaining 0% officer compensation.
EIN: 113463309 · Brooklyn, NY · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.0M |
| Total Expenses | $6.8M |
| Program Spending | 90% |
| Net Assets | $4.7M |
| Transparency Score | 85/100 |
Is Our Place In New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Our Place In New York Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Our Place In New York Inc
Our Place In New York Inc (EIN: 113463309) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P20. The organization reported total revenue of $7.0M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Our Place In New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Our Place In New York Inc is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $6.8M |
| Surplus / Deficit | $-819,694 |
| Total Assets | $4.7M |
| Total Liabilities | $18K |
| Net Assets | $4.7M |
| Operating Margin | -13.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 8.3 months |
Financial Health Grade: B
In 2023, Our Place In New York Inc reported a deficit of $820K with expenses exceeding revenue, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Our Place In New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.5% | +30.6% | -14.7% |
| 2021 | -100.0% | -100.0% | +0.0% |
| 2020 | +24.1% | +10.1% | +7.9% |
| 2019 | +37.8% | +22.9% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Our Place In New York Inc with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Our Place In New York Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 deficit of $820K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with multi-million dollar revenues and suggests a strong volunteer leadership model or that compensation is covered by a related entity.
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 Our Place In New York Inc's IRS 990 filings:
- Significant revenue and expense fluctuation in 202109 ($0 reported for both) requires clarification.
- Operating deficit in the most recent fiscal period (202309) where expenses exceeded revenue by $819,694.
Strengths
The following positive indicators were identified for Our Place In New York Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds away from executive salaries.
- Strong growth in revenue over the past decade, from $1.7 million in 201509 to over $6 million in recent periods.
- Relatively low liabilities compared to assets, indicating good financial stability.
- Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.
Frequently Asked Questions about Our Place In New York Inc
Is Our Place In New York Inc a legitimate charity?
Our Place In New York Inc (EIN: 113463309) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Our Place In New York Inc spend its money?
Our Place In New York Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Our Place In New York Inc tax-deductible?
Our Place In New York Inc is registered as a tax-exempt nonprofit (EIN: 113463309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Our Place In New York Inc's spending goes to programs?
Our Place In New York Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Our Place In New York Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Our Place In New York Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Our Place In New York Inc located?
Our Place In New York Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113463309. It is classified under NTEE code P20.
How many years of IRS 990 filings does Our Place In New York Inc have?
Our Place In New York Inc has 13 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 $7.0M in total revenue.
Why was revenue reported as $0 in the 202109 filing period?
The 202109 filing shows $0 revenue and $0 expenses, which is a significant anomaly compared to surrounding years. This could indicate a reporting error, a change in fiscal year, or a period of dormancy, and warrants further investigation into the full 990 form for that period.
How does Our Place In New York Inc sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated by a related entity, or that the organization's structure minimizes traditional executive salaries, allowing more funds to be directed to programs.
What caused the operating deficit in the 202309 fiscal period?
In 202309, expenses ($6,824,739) exceeded revenue ($6,005,045) by over $800,000. This deficit could be due to increased program costs, one-time expenditures, or a temporary dip in funding, and should be monitored in future filings.
Filing History
IRS 990 filing history for Our Place In New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Our Place In New York Inc's revenue has grown by 370.6%, moving from $1.3M to $6.0M. Total assets increased by 3557.2% over the same period, from $129K to $4.7M. Total functional expenses rose by 469.3%, from $1.2M to $6.8M. In its most recent filing year (2023), Our Place In New York Inc reported a deficit of $820K, with expenses exceeding revenue. The organization holds $18K in liabilities against $4.7M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $6.8M | $4.7M | $18K | — | View 990 |
| 2022 | $6.5M | $5.2M | $5.5M | $15K | — | View 990 |
| 2021 | $0 | $0 | $3.3M | $312K | — | View 990 |
| 2020 | $3.4M | $3.0M | $3.3M | $312K | — | View 990 |
| 2019 | $2.7M | $2.8M | $3.0M | $219K | — | View 990 |
| 2018 | $2.0M | $2.2M | $3.0M | $221K | — | View 990 |
| 2017 | $2.4M | $2.1M | $3.3M | $222K | — | View 990 |
| 2016 | $2.1M | $1.9M | $3.0M | $220K | — | View 990 |
| 2015 | $1.7M | $1.7M | $2.8M | $219K | — | View 990 |
| 2014 | $4.1M | $2.1M | $2.7M | $223K | — | View 990 |
| 2013 | $2.1M | $1.7M | $663K | $179K | — | View 990 |
| 2012 | $1.4M | $1.5M | $45K | $6K | — | View 990 |
| 2011 | $1.3M | $1.2M | $129K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $6.8M, and assets of $4.7M (revenue -7.5% year-over-year).
- 2022: Revenue of $6.5M, expenses of $5.2M, and assets of $5.5M.
- 2021: Revenue of $0, expenses of $0, and assets of $3.3M (revenue -100.0% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.0M, and assets of $3.3M (revenue +24.1% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.8M, and assets of $3.0M (revenue +37.8% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.2M, and assets of $3.0M (revenue -17.9% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.1M, and assets of $3.3M (revenue +16.4% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.9M, and assets of $3.0M (revenue +20.0% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $2.8M (revenue -57.6% year-over-year).
- 2014: Revenue of $4.1M, expenses of $2.1M, and assets of $2.7M (revenue +95.6% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.7M, and assets of $663K (revenue +51.0% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.5M, and assets of $45K (revenue +8.8% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.2M, and assets of $129K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Our Place In New York Inc:
Data Sources and Methodology
This transparency report for Our Place In New York 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.