PLM Families Together Inc

Analysis

PLM Families Together Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 1981, 45 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, PLM Families Together Inc reported income of $2.7m and spending of $3.0m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.7m (+36%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 105%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, PLM Families Together Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include The Bridge ($2.7m), Northshire Day School Inc ($2.7m) and Cannon Street Young Mens Christian Association ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $140k (4.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.5m against liabilities of $965k, net assets of $2.5m. It reported 35 employees.