Plano Improvement Corporation

Analysis

Plano Improvement Corporation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Plano Improvement Corporation reported income of $230k and spending of $260k, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $312k to $230k (-26%), an average of -7.3% a year. The sharpest change came in the year to September 2022, when income rose by 44%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Plano Improvement Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Hawaii State Bar Foundation ($230k), Stream Foundation ($230k) and Ashland Main Street Association ($230k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,768 against liabilities of $3,768, net assets of $0.

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.