Plus Co Inc

Analysis

Plus Co Inc is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in September 1978, 48 years ago. 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, Plus Co Inc reported income of $13.0m and spending of $12.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.4m to $13.0m (-2.4%), an average of -0.6% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Plus Co Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NH. Charities of a similar size with the same main cause include Make-A-Wish Foundation of Illinois Inc ($13.0m), Inpact Inc ($13.0m) and Crosswalk Community Action Agency Inc ($13.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $140k (1.1% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $8.8m against liabilities of $2.5m, net assets of $6.3m. It reported 156 employees.