Living Planet Inc

Analysis

Living Planet Inc is a registered charity in United States, based in Draper, UT. It received its IRS tax-exemption ruling in April 1999, 27 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Living Planet Inc reported income of $23.9m and spending of $16.2m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.2m to $23.9m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Living Planet Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include New York Academy of Sciences ($23.9m), Academy for Classical Education Inc ($24.0m) and Stanley G Falk School ($23.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $724k (4.5% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $81.2m against liabilities of $20.5m, net assets of $60.7m. It reported 411 employees.