Plus Group Homes Inc
Plus Group Homes Inc. consistently operates near break-even with no reported officer compensation.
EIN: 112530267 · Wantagh, NY · NTEE: P700 · Updated: 2026-03-28
Is Plus Group Homes Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plus Group Homes Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plus Group Homes Inc
Plus Group Homes Inc (EIN: 112530267) is a nonprofit organization based in Wantagh, NY, classified under NTEE code P700. The organization reported total revenue of $13.7M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plus Group Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plus Group Homes Inc is a large nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.1M |
| Total Expenses | $12.5M |
| Surplus / Deficit | $-366,240 |
| Total Assets | $6.1M |
| Total Liabilities | $3.2M |
| Net Assets | $2.9M |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 52.8% |
| Months of Reserves | 5.8 months |
Financial Health Grade: C
In 2023, Plus Group Homes Inc reported a deficit of $366K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 52.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Plus Group Homes Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.1% | -6.3% | -5.4% |
| 2022 | +26.9% | +28.6% | -10.2% |
| 2021 | -2.9% | -1.7% | -5.2% |
| 2020 | +5.3% | +1.6% | +10.8% |
| 2019 | +3.5% | +6.1% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Group Homes Inc with a Mission Score of 90 out of 100 (Excellent). 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 Group Homes 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 deficit of $366K, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size ($12M+ annual revenue) and suggests a strong commitment to directing funds to programs.
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 Group Homes Inc's IRS 990 filings:
- Slightly negative net income in recent years (e.g., 2023 and 2022), though not severe enough to be a major concern given asset base.
Strengths
The following positive indicators were identified for Plus Group Homes Inc:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency in executive overhead.
- Stable financial operations with consistent revenue and expense levels over a decade.
- Strong history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
- Substantial asset base ($6,098,340 in 2023) provides financial security.
Frequently Asked Questions about Plus Group Homes Inc
Is Plus Group Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Plus Group Homes Inc (EIN: 112530267) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Plus Group Homes Inc spend its money?
Plus Group Homes Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Plus Group Homes Inc tax-deductible?
Plus Group Homes Inc is registered as a tax-exempt nonprofit (EIN: 112530267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Plus Group Homes Inc. financially stable?
Yes, Plus Group Homes Inc. appears financially stable. While expenses occasionally slightly exceed revenue (e.g., 2023 expenses of $12,509,915 vs. revenue of $12,143,675), this is common for service-oriented nonprofits. Their asset base, at $6,098,340 in 2023, provides a buffer, and their consistent operational scale over a decade indicates resilience.
How does Plus Group Homes Inc. manage executive compensation?
Remarkably, Plus Group Homes Inc. reports 0% officer compensation across all 13 available IRS 990 filings. This indicates that no officers received salaries or other compensation directly from the organization, which is a significant positive for transparency and resource allocation.
What is the trend in Plus Group Homes Inc.'s revenue and expenses?
Plus Group Homes Inc. has shown a general upward trend in both revenue and expenses over the past decade, growing from approximately $8.3 million in revenue in 2015 to over $12 million in 2023. Expenses have largely tracked revenue, indicating consistent operational scale and service delivery.
Filing History
IRS 990 filing history for Plus Group Homes Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Plus Group Homes Inc's revenue has grown by 56.2%, moving from $7.8M to $12.1M. Total assets decreased by 15.6% over the same period, from $7.2M to $6.1M. Total functional expenses rose by 56.4%, from $8.0M to $12.5M. In its most recent filing year (2023), Plus Group Homes Inc reported a deficit of $366K, with expenses exceeding revenue. The organization holds $3.2M in liabilities against $6.1M in assets (debt-to-asset ratio: 52.8%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.1M | $12.5M | $6.1M | $3.2M | — | — |
| 2022 | $13.2M | $13.3M | $6.4M | $3.2M | — | View 990 |
| 2021 | $10.4M | $10.4M | $7.2M | $3.8M | — | View 990 |
| 2020 | $10.7M | $10.6M | $7.6M | $4.2M | — | View 990 |
| 2019 | $10.2M | $10.4M | $6.8M | $3.7M | — | View 990 |
| 2018 | $9.8M | $9.8M | $7.1M | $3.7M | — | View 990 |
| 2017 | $9.6M | $8.8M | $7.4M | $4.1M | — | — |
| 2016 | $8.6M | $8.6M | $6.4M | $3.9M | — | View 990 |
| 2015 | $8.3M | $8.6M | $7.5M | $5.0M | — | View 990 |
| 2014 | $9.6M | $9.6M | $8.0M | $5.3M | — | View 990 |
| 2013 | $9.4M | $9.4M | $7.6M | $4.9M | — | View 990 |
| 2012 | $7.8M | $8.2M | $5.9M | $3.2M | — | View 990 |
| 2011 | $7.8M | $8.0M | $7.2M | $4.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.1M, expenses of $12.5M, and assets of $6.1M (revenue -8.1% year-over-year).
- 2022: Revenue of $13.2M, expenses of $13.3M, and assets of $6.4M (revenue +26.9% year-over-year).
- 2021: Revenue of $10.4M, expenses of $10.4M, and assets of $7.2M (revenue -2.9% year-over-year).
- 2020: Revenue of $10.7M, expenses of $10.6M, and assets of $7.6M (revenue +5.3% year-over-year).
- 2019: Revenue of $10.2M, expenses of $10.4M, and assets of $6.8M (revenue +3.5% year-over-year).
- 2018: Revenue of $9.8M, expenses of $9.8M, and assets of $7.1M (revenue +2.5% year-over-year).
- 2017: Revenue of $9.6M, expenses of $8.8M, and assets of $7.4M (revenue +11.9% year-over-year).
- 2016: Revenue of $8.6M, expenses of $8.6M, and assets of $6.4M (revenue +3.0% year-over-year).
- 2015: Revenue of $8.3M, expenses of $8.6M, and assets of $7.5M (revenue -13.0% year-over-year).
- 2014: Revenue of $9.6M, expenses of $9.6M, and assets of $8.0M (revenue +1.8% year-over-year).
- 2013: Revenue of $9.4M, expenses of $9.4M, and assets of $7.6M (revenue +20.4% year-over-year).
- 2012: Revenue of $7.8M, expenses of $8.2M, and assets of $5.9M (revenue +0.6% year-over-year).
- 2011: Revenue of $7.8M, expenses of $8.0M, and assets of $7.2M.
Data Sources and Methodology
This transparency report for Plus Group Homes 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.