Planet Hope Land and Sea

Analysis

Planet Hope Land and Sea is a registered charity in United States, based in Deale, MD. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Planet Hope Land and Sea reported income of $245k and spending of $258k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $245k (+1.3%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Planet Hope Land and Sea sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Julio a Martinez Memorial Fund ($245k), Iqra Academy of the Twin Cities ($246k) and Youth Celebrate Diversity ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $53k (21% of expenses). At year end it held assets of $51k against liabilities of $4,610, net assets of $46k. It reported 1 employees.