Planned Lifetime Assistance Network of Connecticut Inc

Analysis

Planned Lifetime Assistance Network of Connecticut Inc is a registered charity in United States, based in Wethersfield, CT. It received its IRS tax-exemption ruling in February 1991, 35 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, Planned Lifetime Assistance Network of Connecticut Inc reported income of $1.3m and spending of $1.2m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.3m to $1.3m (-0.6%), an average of -0.2% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Planned Lifetime Assistance Network of Connecticut Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($1.3m), Camp Susque Inc ($1.3m) and Napa Valley Community College District Auxiliary Services Organi ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $197k (16% of expenses). Other salaries and wages came to $622k. At year end it held assets of $2.3m against liabilities of $352k, net assets of $2.0m. It reported 20 employees.