My Sisters Place Inc

Analysis

My Sisters Place Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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, My Sisters Place Inc reported income of $7.7m and spending of $7.0m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $7.7m (+216%), an average of +33% a year. The sharpest change came in the year to September 2022, when income rose by 138%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, My Sisters 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 94th percentile, and in the 84th percentile within DC. Charities of a similar size with the same main cause include Lifespan Day Care ($7.7m), Arizona Childrens Risk Solutions ($7.7m) and Southbridge Medical Advisory Concil Inc ($7.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $177k (2.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $9.6m against liabilities of $337k, net assets of $9.3m. It reported 55 employees.