Its My Place Inc

Analysis

Its My Place Inc is a registered charity in United States, based in Islandia, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 March 2023, Its My Place Inc reported income of $465k and spending of $518k, spending 111% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income grew from $324k to $465k (+44%), an average of +44% a year. The sharpest change came in the year to March 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Its My Place Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Child Evangelism Fellowship Inc ($465k), Counter Culture Ministries Inc ($465k) and West End House Girls Camp Inc ($465k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $14k (2.8% of expenses). Other salaries and wages came to $12k. At year end it held assets of $108k against liabilities of $73k, net assets of $35k. It reported 8 employees.