Patch Our Planet Inc

Analysis

Patch Our Planet Inc is a registered charity in United States, based in Pt Charlotte, FL. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Patch Our Planet Inc reported income of $63k and spending of $90k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $106k to $63k (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Patch Our Planet Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Illinois Continuity of Care Association Inc ($63k), West Hill Community Association ($63k) and Chad E Cooper Foundation Inc ($63k).

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 $70k (78% of expenses). At year end it held assets of $63k against liabilities of $9,239, net assets of $53k. It reported 1 employees.