Place

Analysis

Place is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Place reported income of $2.9m and spending of $7.6m, spending 257% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $871k to $2.9m (+237%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 173% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Place sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Neighborworks Southern Colorado ($2.9m), Neighborhood Development Associates Inc ($2.9m) and Bridge Community Impact ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 1235% of the total. At year end it held assets of $14.8m against liabilities of $12.0m, net assets of $2.8m.