My Sisters Place of Gainesville Inc

Analysis

My Sisters Place of Gainesville Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, My Sisters Place of Gainesville Inc reported income of $951k and spending of $701k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $951k (+212%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, My Sisters Place of Gainesville Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Rose Hill Townhouses Cooperative Inc ($951k), Holiness Homes of Vision ($951k) and Nhh-Canal Street Apartments Inc ($950k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $81k (12% of expenses). Other salaries and wages came to $270k. At year end it held assets of $1.3m against liabilities of $97k, net assets of $1.2m. It reported 35 employees.