Plano Community Home Sponsor Inc

Analysis

Plano Community Home Sponsor Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in January 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Plano Community Home Sponsor Inc reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $1.1m to $1.3m (+18%), an average of +5.6% a year. The sharpest change came in the year to September 2022, when income rose by 37%. Over the whole period it spent 89% 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 Sponsor Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Beckley Raleigh County Conventioncenter Inc ($1.3m), Ministerio Biblico Verbo Divino ($1.3m) and National Church Residences of ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $1.2m against liabilities of $205k, net assets of $1.0m. It reported 57 employees.