Project Plase Inc

Analysis

Project Plase Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Project Plase Inc reported income of $8.7m and spending of $8.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.7m (+19%), an average of +4.4% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Project Plase Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Pacific Southwest Community Development Corp ($8.7m), Habitat for Humanity of Greater Fort Wayne Inc ($8.8m) and Bristol Village Inc ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $25k (0.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $6.9m against liabilities of $1.6m, net assets of $5.4m. It reported 76 employees.