Plano Housing Corporation

Analysis

Plano Housing Corporation is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in October 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 December 2022, Plano Housing Corporation reported income of $51k and spending of $962k, spending 1873% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.9m to $51k (-97%), an average of -70% a year. The sharpest change came in the year to December 2020, when income rose by 136%. Over the whole period it spent 48% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Plano Housing Corporation sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Dante House Inc ($51k), Lancasters Economic Action for Downtowns Success ($51k) and 13 St Asaphs Inc ($51k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 44% of the total. Compensation of current officers, directors and key employees was $105k (11% of expenses). Other salaries and wages came to $66k. At year end it held assets of $4.6m against liabilities of $50k, net assets of $4.6m. It reported 2 employees.