Planet Bee Foundation

Analysis

Planet Bee Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2022, Planet Bee Foundation reported income of $583k and spending of $503k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $115k to $583k (+406%), an average of +72% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Planet Bee Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Ccwa Foundation ($583k), Montessori Childrens House of Lenawee Inc ($583k) and Neighborhood Center of the United Methodist Church ($583k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (18% of expenses). Other salaries and wages came to $200k. At year end it held assets of $809k against liabilities of $0, net assets of $809k. It reported 7 employees.