Planning Life Inc
Planning Life Inc. ceased operations after years of declining revenue and asset depletion.
EIN: 200142418 · Sioux Falls, SD · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $15K |
| Program Spending | 80% |
| Net Assets | $3K |
| Transparency Score | 60/100 |
Is Planning Life Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Planning Life Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Planning Life Inc
Planning Life Inc (EIN: 200142418) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code P40. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Planning Life Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Planning Life Inc is a micro nonprofit that has been operating for 22 years, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -23.8%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $15K |
| Surplus / Deficit | $-5,419 |
| Total Assets | $3K |
| Net Assets | $3K |
| Operating Margin | -57.8% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2016, Planning Life Inc reported a deficit of $5K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2011–2016), Planning Life Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -17.9% | +2.6% | -65.5% |
| 2015 | -11.3% | -22.9% | -26.7% |
| 2014 | -31.2% | -11.9% | -34.1% |
| 2013 | -26.8% | +135.7% | -12.9% |
| 2012 | -30.1% | -77.6% | +535.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Planning Life Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Planning Life Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation was consistently reported as 0% of expenses across all available filings, indicating that the organization was likely volunteer-led or had unpaid officers, which is commendable for a small nonprofit.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Planning Life Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating cessation of operations.
- Consistent decline in revenue over its operational history.
- Expenses frequently exceeded revenue, leading to asset depletion (e.g., 2016: Revenue $9,373, Expenses $14,792).
Strengths
The following positive indicators were identified for Planning Life Inc:
- Consistently reported 0% officer compensation, indicating volunteer leadership or unpaid executives.
- Maintained consistent IRS 990 filings during its operational period, demonstrating transparency.
Frequently Asked Questions about Planning Life Inc
Is Planning Life Inc a legitimate charity?
Planning Life Inc (EIN: 200142418) is a registered tax-exempt nonprofit based in South Dakota. Our AI analysis gives it a Mission Score of 60/100. It has 6 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Planning Life Inc spend its money?
Planning Life Inc directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Planning Life Inc tax-deductible?
Planning Life Inc is registered as a tax-exempt nonprofit (EIN: 200142418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Planning Life Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Planning Life Inc is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Planning Life Inc located?
Planning Life Inc is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 200142418. It is classified under NTEE code P40.
How many years of IRS 990 filings does Planning Life Inc have?
Planning Life Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Planning Life Inc. still operational?
No, the latest filing shows $0 in revenue and assets, indicating the organization has ceased operations.
Did Planning Life Inc. manage its finances effectively?
The organization experienced declining revenues and consistent expense overruns in most years, leading to asset depletion, suggesting financial challenges rather than effective management over time.
What was the trend in Planning Life Inc.'s revenue?
Revenue steadily declined from $36,552 in 2011 to $9,373 in 2016, before reaching $0 in the latest period.
Filing History
IRS 990 filing history for Planning Life Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Planning Life Inc's revenue has declined by 74.4%, moving from $37K to $9K. Total assets decreased by 7.6% over the same period, from $3K to $3K. Total functional expenses fell by 63.3%, from $40K to $15K. In its most recent filing year (2016), Planning Life Inc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $9K | $15K | $3K | $0 | — | View 990 |
| 2015 | $11K | $14K | $8K | $0 | — | View 990 |
| 2014 | $13K | $19K | $11K | $0 | — | View 990 |
| 2013 | $19K | $21K | $17K | $0 | — | View 990 |
| 2012 | $26K | $9K | $20K | $0 | — | View 990 |
| 2011 | $37K | $40K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $9K, expenses of $15K, and assets of $3K (revenue -17.9% year-over-year).
- 2015: Revenue of $11K, expenses of $14K, and assets of $8K (revenue -11.3% year-over-year).
- 2014: Revenue of $13K, expenses of $19K, and assets of $11K (revenue -31.2% year-over-year).
- 2013: Revenue of $19K, expenses of $21K, and assets of $17K (revenue -26.8% year-over-year).
- 2012: Revenue of $26K, expenses of $9K, and assets of $20K (revenue -30.1% year-over-year).
- 2011: Revenue of $37K, expenses of $40K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Planning Life Inc:
Data Sources and Methodology
This transparency report for Planning Life Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.