Micahs Place Inc

Analysis

Micahs Place Inc is a registered charity in United States, based in Fern BCH, FL. It received its IRS tax-exemption ruling in March 2001, 25 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 June 2023, Micahs Place Inc reported income of $2.0m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.0m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Micahs Place Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include East Central Kansas Coordinated Transit Council Inc ($2.0m), Saint Peters Child Day Care Center Inc ($2.0m) and Domestic Violence & Rape Crisis Servies of Saratoga County ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $159k (8.3% of expenses). Other salaries and wages came to $958k. At year end it held assets of $3.7m against liabilities of $852k, net assets of $2.8m. It reported 37 employees.