Plano Community Home Phase V Inc

Analysis

Plano Community Home Phase V Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in February 1997, 29 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 V Inc reported income of $407k and spending of $574k, spending 141% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $402k to $407k (+1.2%), an average of +0.3% a year. Over the whole period it spent 123% 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 V Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Community Catalysts Development Company ($407k), Dorobo Fund for Tanzania Inc ($407k) and Phac No 1 Inc ($407k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $133k. At year end it held assets of $883k against liabilities of $118k, net assets of $766k.

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.