1st Life Planning Parents & Partners

Analysis

1st Life Planning Parents & Partners is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in July 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 1st Life Planning Parents & Partners reported income of $315k and spending of $198k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $196k to $315k (+61%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1st Life Planning Parents & Partners sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include RVM Ft Worth II Housing Corporation ($315k), Cape Cod Village Inc ($315k) and Ryes Manor Senior Citizens Apartmen Housing Development Fund Corp ($315k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 32% of the total. At year end it held assets of $1.6m against liabilities of $1.0m, net assets of $619k.