Plaid House Inc

Analysis

Plaid House Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Plaid House Inc reported income of $1.6m and spending of $1.7m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Plaid House Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include First 72 ($1.6m), Seneca County Residential Advisory Committee Inc ($1.6m) and Centro de Apoyo Familiar Caf ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $147k (8.6% of expenses). Other salaries and wages came to $927k. At year end it held assets of $2.2m against liabilities of $96k, net assets of $2.1m. It reported 30 employees.