Pals Plus Inc

Analysis

Pals Plus Inc is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Pals Plus Inc reported income of $789k and spending of $911k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $754k to $789k (+4.7%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pals Plus Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Midland Foundation ($789k), Croatian Fraternal Union Scholarship Foundation Inc ($790k) and Bangladesh Christian School Sponsorship of America BCSS of ($789k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $196k (21% of expenses). Other salaries and wages came to $191k. At year end it held assets of $570k against liabilities of $78k, net assets of $492k. It reported 6 employees.