Plano Community Home Phase IV Inc

Analysis

Plano Community Home Phase IV Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in January 1996, 30 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 IV Inc reported income of $544k and spending of $808k, spending 149% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $407k to $544k (+33%), an average of +7.5% a year. The sharpest change came in the year to October 2021, when income rose by 16%. Over the whole period it spent 125% 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 IV Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Affordable Housing Alliance Midland County Non-Profit Housing Corp ($543k), Swope Ridge Gardens Housing Corporation ($544k) and Allegria Court Inc ($543k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 86% of the total. Other salaries and wages came to $172k. At year end it held assets of $1.5m against liabilities of $171k, net assets of $1.3m.

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.