Plano Community Home Phase III Inc

Analysis

Plano Community Home Phase III 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. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 October 2023, Plano Community Home Phase III Inc reported income of $503k and spending of $687k, spending 136% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $441k to $503k (+14%), an average of +3.4% a year. The sharpest change came in the year to October 2022, when income rose by 21%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Plano Community Home Phase III Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Refugee Welcome Corporation ($503k), Washington Home of Your Own ($503k) and Creative Living Housing Corporation ($503k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $186k. At year end it held assets of $1.3m against liabilities of $49k, net assets of $1.2m.

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.