Sibs Place Inc

Analysis

Sibs Place Inc is a registered charity in United States, based in Oceanside, NY. It received its IRS tax-exemption ruling in August 2017, 9 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 December 2023, Sibs Place Inc reported income of $377k and spending of $618k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $377k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sibs Place Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Hardin County Jesus Cares ($377k), Muskego Senior Taxi Service Inc ($377k) and Global Pragathi Inc ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $255k. At year end it held assets of $2.8m against liabilities of $2.1m, net assets of $614k.