My Friends Place Inc

Analysis

My Friends Place Inc is a registered charity in United States, based in Dover, NH. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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 Friends Place Inc reported income of $832k and spending of $452k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $374k to $832k (+123%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, My Friends Place Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NH. Charities of a similar size with the same main cause include American College of Physicians ($832k), Special Angels of the Woodlands ($832k) and The Peoples Lobby Education Institute ($832k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 14% of the total. Other salaries and wages came to $251k. At year end it held assets of $1.4m against liabilities of $77k, net assets of $1.3m. It reported 15 employees.