Planned Lifetime Assistance Network of Massachusetts Inc

Analysis

Planned Lifetime Assistance Network of Massachusetts Inc is a registered charity in United States, based in Braintree, MA. It received its IRS tax-exemption ruling in January 1972, 54 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 Massachusetts Inc reported income of $4.4m and spending of $4.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.5m to $4.4m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 66% 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 Massachusetts Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Mid-America Reformed Seminary ($4.4m), Wittenberg Lutheran Village Endowment Corporation ($4.4m) and Foundation School Incorporated ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 86% of the total. Compensation of current officers, directors and key employees was $502k (12% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $36.2m against liabilities of $14.9m, net assets of $21.3m. It reported 29 employees.