My Sisters House Inc

Analysis

My Sisters House Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in May 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 House Inc reported income of $1.9m and spending of $2.3m, spending 122% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income grew from $1.8m to $1.9m (+6.4%), an average of +1.2% a year. The sharpest change came in the year to September 2020, when income rose by 750%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Sisters House Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Peer Center Peers Enriching Each Others Recovery ($1.9m), Casa de Amigos of Midland Texas Incorporated ($1.9m) and Saving Grace Inc ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $110k (4.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.4m against liabilities of $145k, net assets of $3.2m. It reported 27 employees.