Forestplanet Inc

Analysis

Forestplanet Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Forestplanet Inc reported income of $97k and spending of $96k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $108k to $97k (-10%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 99% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Forestplanet Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 18th percentile within DC. Charities of a similar size with the same main cause include Kingfisher Trails Inc ($97k), Pringle Nature Center ($97k) and Oceanelders Inc ($97k).

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 $13k (14% of expenses). At year end it held assets of $8,838 against liabilities of $15k, net assets of -$6,476.