Plenty Inc

Analysis

Plenty Inc is a registered charity in United States, based in Floyd, VA. It received its IRS tax-exemption ruling in March 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 2023, Plenty Inc reported income of $976k and spending of $1.0m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $538k to $976k (+81%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Plenty Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Oaktree Academy Inc ($976k), Home Neighborly Service of Denver ($976k) and Association for Guidance Aid Placement and Empathy of N C Inc ($975k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $44k (4.3% of expenses). Other salaries and wages came to $137k. At year end it held assets of $684k against liabilities of $4,909, net assets of $679k. It reported 11 employees.