My Sisters Place Inc

Analysis

My Sisters Place Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in July 1977, 49 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 Sisters Place Inc reported income of $8.8m and spending of $8.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $8.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, My Sisters Place Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include The Arc of Greater New Orleans ($8.8m), Metropolitan Lutheran Ministry ($8.8m) and Shelter House Community Shelter and Transition Services ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $354k (4.1% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $7.4m against liabilities of $3.4m, net assets of $3.9m. It reported 96 employees.