Planetread

Analysis

Planetread is a registered charity in United States, based in Piedmont, CA. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Planetread reported income of $151k and spending of $337k, spending 223% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $1.4m to $151k (-89%), an average of -89% a year. The sharpest change came in the year to June 2024, when income dropped by 89%. Over the whole period it spent 26% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Planetread sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Shared Science ($151k), Huffman Isd Education Foundation ($151k) and Center Grove Football Parents Club Inc ($151k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $141k (42% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 1 employees.