Life Plan Trust Incorporated

Analysis

Life Plan Trust Incorporated is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Life Plan Trust Incorporated reported income of $268k and spending of $352k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $242k to $268k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 110%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Life Plan Trust Incorporated sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Pregnancy Resource Center of the Valleys Inc ($268k), Feast Families Empowered and Supporting Treatment of Eating Dis ($268k) and Wku Real Estate Corporation ($268k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $113k (32% of expenses). Other salaries and wages came to $141k. At year end it held assets of $713k against liabilities of $34k, net assets of $679k. It reported 5 employees.