Plano Community Home Incorporated

Analysis

Plano Community Home Incorporated is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in February 1984, 42 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 September 2023, Plano Community Home Incorporated reported income of $1.7m and spending of $1.8m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $1.7m (+8.2%), an average of +2.0% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Plano Community Home Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Hiram House ($1.7m), Urban Strategies-Brookdale Family Care Center Inc ($1.7m) and New Harvest Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $374k. At year end it held assets of $2.3m against liabilities of $4.4m, net assets of -$2.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.