Plentiful

Analysis

Plentiful is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Plentiful reported income of $4.6m and spending of $3.7m, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $10.8m to $4.6m (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Plentiful sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include JCC of Mid Westchester Inc ($4.6m), Dawn Center for Independent Living Inc ($4.6m) and Sentry Living Solutions ($4.6m).

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 $702k (19% of expenses). Other salaries and wages came to $351k. At year end it held assets of $3.2m against liabilities of $533k, net assets of $2.6m. It reported 7 employees.