Plan Homes Inc

Analysis

Plan Homes Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1998, 28 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 2023, Plan Homes Inc reported income of $131k and spending of $148k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $131k (+18%), an average of +4.3% 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, Plan Homes Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Cedar Street Senior Apartments Inc ($131k), Homeless Coalition of Cherokee County ($131k) and Annabels Closet Inc ($131k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $12k. At year end it held assets of $589k against liabilities of $30k, net assets of $559k.

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.