Adopt a Platoon

Analysis

Adopt a Platoon is a registered charity in United States, based in Lozano, TX. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Adopt a Platoon reported income of $7.5m and spending of $7.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $7.5m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Adopt a Platoon sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Veterans United Foundation ($7.5m), United Way of Weld County Inc ($7.5m) and Upic Solutions Inc ($7.5m).

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 $170k (2.4% of expenses). Other salaries and wages came to $309k. It paid $82k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $533k, net assets of $1.5m. It reported 13 employees.