Plank Stewardship Initiative

Analysis

Plank Stewardship Initiative is a registered charity in United States, based in Sheridan, WY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Plank Stewardship Initiative reported income of $608k and spending of $270k, leaving 56% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $387k to $608k (+57%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 254%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Plank Stewardship Initiative sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within WY. Charities of a similar size with the same main cause include Lincoln Council on the Aging Inc ($608k), Community Projects Committee Inc ($608k) and Abc Payee Inc ($608k).

Compensation of current officers, directors and key employees was $51k (19% of expenses). Other salaries and wages came to $38k. At year end it held assets of $5.4m against liabilities of $1,071, net assets of $5.4m. It reported 3 employees.