Sylvias Place

Analysis

Sylvias Place is a registered charity in United States, based in Allegan, MI. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Sylvias Place reported income of $493k and spending of $521k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $443k to $493k (+11%), an average of +2.8% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sylvias Place sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Hospeace House Inc ($493k), National Institute for Community ($493k) and Friendly Harbor ($493k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $355k. At year end it held assets of $469k against liabilities of $58k, net assets of $411k. It reported 13 employees.