Plano Development Corp

Analysis

Plano Development Corp is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in September 1979, 47 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Plano Development Corp reported income of $1.2m and spending of $1.0m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.2m (+7.3%), an average of +1.8% a year. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Plano Development Corp sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Paso Robles Nonprofit Housing Corporation ($1.2m), Village of Orlando Inc ($1.2m) and Habitat for Humanity International Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $155k. At year end it held assets of $3.1m against liabilities of $3.3m, net assets of -$190k.