Plus Group Homes Inc

Analysis

Plus Group Homes Inc is a registered charity in United States, based in Wantagh, NY. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Plus Group Homes Inc reported income of $12.1m and spending of $12.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.2m to $12.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Plus Group Homes Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include LA Esperanza Clinic Inc ($12.1m), Share & Care House ($12.1m) and Timothy Hill Childrens Ranch Inc ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $967k (7.7% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $6.1m against liabilities of $3.2m, net assets of $2.9m. It reported 256 employees.