My Very Own Bed

Analysis

My Very Own Bed is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 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 Very Own Bed reported income of $1.0m and spending of $850k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $1.0m (+182%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, My Very Own Bed sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Home Share Oregon ($1.0m), Hazel Park Non Profit Apartments Inc ($1.0m) and Liberty Hill Housing Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $70k (8.2% of expenses). Other salaries and wages came to $94k. At year end it held assets of $696k against liabilities of $105k, net assets of $591k. It reported 5 employees.