M F Place Inc

Analysis

M F Place Inc is a registered charity in United States, based in Hollywood, CA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, M F Place Inc reported income of $7.2m and spending of $3.3m, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $7.2m (+143%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, M F Place Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Cedar Lake Residences Inc ($7.2m), Breakthrough Corporation ($7.2m) and Alta Housing ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $138k (4.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $11.4m against liabilities of $280k, net assets of $11.1m. It reported 40 employees.