Forty-two Place Inc
501(c)(4)
Only null% goes to programs Thin reserves Growing revenue
Forty-two Place Inc is a 501(c)(4) organization based in Temple, Texas, registered in 1981, with $322,333 in FY2023 revenue. CharityIndex grades it D.
Po Box 130, Temple, TX, 76503 EIN 74-2007140 Since 1981
Revenue (FY2023)
$322K
▲ 15.2% vs prior year
Expenses (FY2023)
$317K
Net assets
-$51K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Forty-two Place Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Forty-two Place Inc: 0 mo reserves · +2% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Forty-two Place Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Forty-two Place Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $217K (FY2014) to $322K (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $295KNet assets -$51K
Operating margin
1.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$244K
Total liabilities
$295K
Net assets
-$51K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $322,333▲15.2% | $316,633▼13.1% | -$50,586▲10.1% | $244,278▼2.7% | 990 |
| 2022 | $279,787▲2.4% | $364,383▲11.9% | -$56,286▼299% | $251,099▼28.4% | 990 |
| 2021 | $273,181▲7.3% | $325,735▲22.4% | $28,311▼65.0% | $350,628▲8.0% | 990 |
| 2020 | $254,511▼4.3% | $266,183▲2.3% | $80,865▼12.6% | $324,719▼8.9% | 990 |
| 2019 | $265,985▲7.7% | $260,103▼0.3% | $92,537▲6.8% | $356,604▼7.2% | 990 |
| 2018 | $247,019▼0.6% | $260,766▼1.8% | $86,655▼13.7% | $384,154▼8.0% | 990 |
| 2017 | $248,514 | $265,484▲11.2% | $100,402▼14.5% | $417,384▼8.8% | 990 |
| 2016 | $248,580▼0.1% | $238,767▼3.0% | $117,372▲9.1% | $457,729▼3.1% | 990 |
| 2015 | $248,823▲14.5% | $246,079▼9.3% | $107,559▲2.6% | $472,299▼6.6% | 990 |
| 2014 | $217,270 | $271,305▲15.2% | $104,815▼22.2% | $505,809▼14.4% | 990 |
| 2011 | — | $235,544 | $134,651 | $590,813 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Forty-two Place Inc a legitimate nonprofit?
- Yes. Forty-two Place Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 74-2007140, based in Temple, Texas.
- What is Forty-two Place Inc's EIN?
- Forty-two Place Inc's Employer Identification Number (EIN) is 74-2007140.
- How much revenue does Forty-two Place Inc report?
- Forty-two Place Inc reported $322,333 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Forty-two Place Inc have?
- CharityIndex grades Forty-two Place Inc D, based on financial health (reserves and operating margin).
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Explore more
Data for Forty-two Place Inc (EIN 74-2007140) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.