The Daily Planet Inc

Analysis

The Daily Planet Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 1978, 48 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, The Daily Planet Inc reported income of $12.2m and spending of $11.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $12.2m (+62%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Daily Planet Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Young Mens Christian Association of West Central Florida Inc ($12.2m), Workforce Alliance Inc ($12.3m) and Apostolic Christian Home ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $693k (5.9% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $14.0m against liabilities of $687k, net assets of $13.4m. It reported 157 employees.