Plannet Cares Foundation Inc

Analysis

Plannet Cares Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Plannet Cares Foundation Inc reported income of $191k and spending of $82k, leaving 57% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $145k to $191k (+31%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Plannet Cares Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within GA. Charities of a similar size with the same main cause include Break the Silence Against Domestic Violence Inc ($191k), Caritas Foundation ($191k) and Dillards Employee Disaster Relief Fund ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $272k against liabilities of $0, net assets of $272k.