Planet Water Foundation

Analysis

Planet Water Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2010, 16 years ago. 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 Water Foundation reported income of $3.3m and spending of $4.2m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.3m (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Planet Water Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include Ketchum Grande Memoriall School ($3.3m), Baton Rouge Soccer Association ($3.3m) and Drumm Center for Children Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $255k (6.1% of expenses). At year end it held assets of $3.1m against liabilities of $2.4m, net assets of $655k. It reported 2 employees.