My Place Home for the Homeless

Analysis

My Place Home for the Homeless is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 2014, 12 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, My Place Home for the Homeless reported income of $1.2m and spending of $777k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $1.2m (+192%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 414%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, My Place Home for the Homeless 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 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Lakeview Presbyterian Homes Inc ($1.2m), Fair Housing Opportunities of Northwest Ohio Inc ($1.2m) and San Antonio for Growth on the Eastside Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Other salaries and wages came to $267k. At year end it held assets of $2.2m against liabilities of $1.7m, net assets of $537k.