Plus Foundation

Analysis

Plus Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Plus Foundation reported income of $345k and spending of $365k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $544k to $345k (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Plus Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Diversity & Innovation Institute Inc ($345k), New Horizons at 81 Ltd ($345k) and Heartwood Grove School ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 17% of the total. At year end it held assets of $1.4m against liabilities of $113k, net assets of $1.2m.