Plus Co Inc
Plus Co Inc consistently maintains positive net income and growing assets, with no reported officer compensation.
EIN: 20337153 · Nashua, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.1M |
| Total Expenses | $12.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $13 |
| Net Assets | $6.3M |
| Transparency Score | 75/100 |
Is Plus Co Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plus Co Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plus Co Inc
Plus Co Inc (EIN: 20337153) is a nonprofit organization based in Nashua, NH. The organization reported total revenue of $15.1M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plus Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plus Co Inc is a large nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.0M |
| Total Expenses | $12.7M |
| Surplus / Deficit | +$305K |
| Total Assets | $8.8M |
| Total Liabilities | $2.5M |
| Net Assets | $6.3M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 28.5% |
| Months of Reserves | 8.3 months |
Financial Health Grade: A
In 2023, Plus Co Inc reported a surplus of $305K with revenue exceeding expenses, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 28.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Plus Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.1% | +4.1% | +11.0% |
| 2022 | +6.2% | +0.4% | +5.3% |
| 2021 | -0.6% | -5.1% | +22.8% |
| 2020 | +1.7% | -3.3% | +47.9% |
| 2019 | +3.3% | +3.3% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1978 |
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 Plus Co Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Plus Co Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $305K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.5%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with over $13 million in annual revenue. This either indicates a fully volunteer executive leadership or that executive compensation is categorized differently within the expense structure, warranting further investigation for full transparency.
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 Plus Co Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (programs, admin, fundraising) in summary data
- Unusual 0% reported officer compensation across all filings, potentially obscuring leadership costs
Strengths
The following positive indicators were identified for Plus Co Inc:
- Consistent positive net income, with revenues exceeding expenses in all reported periods (e.g., $13,030,664 revenue vs. $12,725,669 expenses in 2023)
- Steady growth in assets over time, more than doubling from $3,642,802 in 2015 to $8,848,761 in 2023
- Healthy asset-to-liability ratio, indicating strong financial stability (e.g., $8,848,761 assets vs. $2,524,562 liabilities in 2023)
- Consistent revenue generation, demonstrating stable operational funding
Frequently Asked Questions about Plus Co Inc
Is Plus Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Plus Co Inc (EIN: 20337153) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Plus Co Inc spend its money?
Plus Co Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Plus Co Inc tax-deductible?
Plus Co Inc is registered as a tax-exempt nonprofit (EIN: 20337153). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Plus Co Inc CEO make?
Plus Co Inc's highest-compensated officer earns $13 annually. The organization reported $15.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Plus Co Inc's spending goes to programs?
Plus Co Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Plus Co Inc located?
Plus Co Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20337153.
How many years of IRS 990 filings does Plus Co Inc have?
Plus Co Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $15.1M in total revenue.
Is Plus Co Inc a good charity?
Based on the available data, Plus Co Inc appears to be a financially stable organization with consistent revenue growth and positive net income. Its assets have more than doubled over the past decade, from $3,642,802 in 2015 to $8,848,761 in 2023. The lack of reported officer compensation is a unique aspect that could be viewed positively for resource allocation, assuming leadership is effectively managed.
How does Plus Co Inc manage its executive compensation?
The provided IRS 990 data consistently shows 0% officer compensation across all filings. This suggests that either the organization's executive leadership is entirely volunteer-based, or their compensation is reported under other expense categories, which would require a deeper dive into their detailed financial statements to understand fully.
What is Plus Co Inc's financial trend over the past few years?
Plus Co Inc has shown a positive financial trend. Revenues have generally increased, from $10,817,207 in 2014 to $13,030,664 in 2023, with expenses consistently lower than revenues, leading to a steady accumulation of assets. For example, assets grew from $6,160,175 in 2020 to $8,848,761 in 2023.
Are Plus Co Inc's liabilities a concern?
While liabilities have fluctuated, such as increasing from $1,951,818 in 2022 to $2,524,562 in 2023, they remain well below the organization's total assets. For instance, in 2023, assets were $8,848,761 against liabilities of $2,524,562, indicating a healthy balance sheet and no immediate concern regarding solvency.
Filing History
IRS 990 filing history for Plus Co Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Plus Co Inc's revenue has grown by 44.3%, moving from $9.0M to $13.0M. Total assets increased by 215.7% over the same period, from $2.8M to $8.8M. Total functional expenses rose by 42.2%, from $8.9M to $12.7M. In its most recent filing year (2023), Plus Co Inc reported a surplus of $305K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $8.8M in assets (debt-to-asset ratio: 28.5%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.0M | $12.7M | $8.8M | $2.5M | — | View 990 |
| 2022 | $14.3M | $12.2M | $8.0M | $2.0M | — | View 990 |
| 2021 | $13.5M | $12.2M | $7.6M | $3.7M | — | View 990 |
| 2020 | $13.6M | $12.8M | $6.2M | $3.6M | — | View 990 |
| 2019 | $13.4M | $13.3M | $4.2M | $2.3M | — | View 990 |
| 2018 | $12.9M | $12.8M | $4.3M | $2.5M | — | View 990 |
| 2017 | $12.4M | $12.3M | $3.9M | $2.2M | — | View 990 |
| 2016 | $12.0M | $11.9M | $3.8M | $2.3M | — | View 990 |
| 2015 | $11.8M | $11.4M | $3.6M | $2.1M | — | View 990 |
| 2014 | $10.8M | $10.7M | $3.7M | $2.5M | — | View 990 |
| 2013 | $10.5M | $10.4M | $3.0M | $1.9M | — | View 990 |
| 2012 | $9.8M | $9.8M | $2.9M | $1.9M | — | View 990 |
| 2011 | $9.0M | $8.9M | $2.8M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.0M, expenses of $12.7M, and assets of $8.8M (revenue -9.1% year-over-year).
- 2022: Revenue of $14.3M, expenses of $12.2M, and assets of $8.0M (revenue +6.2% year-over-year).
- 2021: Revenue of $13.5M, expenses of $12.2M, and assets of $7.6M (revenue -0.6% year-over-year).
- 2020: Revenue of $13.6M, expenses of $12.8M, and assets of $6.2M (revenue +1.7% year-over-year).
- 2019: Revenue of $13.4M, expenses of $13.3M, and assets of $4.2M (revenue +3.3% year-over-year).
- 2018: Revenue of $12.9M, expenses of $12.8M, and assets of $4.3M (revenue +4.0% year-over-year).
- 2017: Revenue of $12.4M, expenses of $12.3M, and assets of $3.9M (revenue +3.7% year-over-year).
- 2016: Revenue of $12.0M, expenses of $11.9M, and assets of $3.8M (revenue +1.6% year-over-year).
- 2015: Revenue of $11.8M, expenses of $11.4M, and assets of $3.6M (revenue +9.0% year-over-year).
- 2014: Revenue of $10.8M, expenses of $10.7M, and assets of $3.7M (revenue +3.2% year-over-year).
- 2013: Revenue of $10.5M, expenses of $10.4M, and assets of $3.0M (revenue +6.6% year-over-year).
- 2012: Revenue of $9.8M, expenses of $9.8M, and assets of $2.9M (revenue +8.9% year-over-year).
- 2011: Revenue of $9.0M, expenses of $8.9M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plus Co Inc:
Data Sources and Methodology
This transparency report for Plus Co 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.