Their Place Inc

Analysis

Their Place Inc is a registered charity in United States, based in Woodbridge, NJ. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Their Place Inc reported income of $10.7m and spending of $8.1m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $10.7m (+228%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 164%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Their Place Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Proviso-Leyden Council for Community Action Inc ($10.7m), Another Step Inc ($10.7m) and Cmu ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Other salaries and wages came to $5.5m. At year end it held assets of $13.1m against liabilities of $3.5m, net assets of $9.6m. It reported 255 employees.