Platoon 22 Inc

Analysis

Platoon 22 Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Platoon 22 Inc reported income of $489k and spending of $473k, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $96k to $489k (+408%), an average of +38% a year. The sharpest change came in the year to December 2019, when income rose by 92%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Platoon 22 Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Fundacion A-Mar Bara Ninos Quemados ($489k), Harbor to the Bay Inc ($489k) and Sofies Journey Inc ($489k).

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 $84k (18% of expenses). Other salaries and wages came to $87k. At year end it held assets of $1.4m against liabilities of $430k, net assets of $1.0m. It reported 7 employees.