My Place Teen Center Inc

Analysis

My Place Teen Center Inc is a registered charity in United States, based in Westbrook, ME. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, My Place Teen Center Inc reported income of $1.7m and spending of $1.1m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $895k to $1.7m (+86%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, My Place Teen Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within ME. Charities of a similar size with the same main cause include Ladies of Virtue NFP ($1.7m), First NV ($1.7m) and Youth Employment Academy ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $264k (24% of expenses). Other salaries and wages came to $357k. At year end it held assets of $2.6m against liabilities of $71k, net assets of $2.5m. It reported 21 employees.