Blue Planet Foundation

Analysis

Blue Planet Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Blue Planet Foundation reported income of $922k and spending of $973k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $922k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 103% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Blue Planet Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within HI. Charities of a similar size with the same main cause include Mill Creek Alliance ($921k), Capital Trees ($922k) and San Diego Coastkeeper ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $123k (13% of expenses). Other salaries and wages came to $507k. At year end it held assets of $270k against liabilities of $68k, net assets of $203k. It reported 8 employees.