Canopy Planet Foundation

Analysis

Canopy Planet Foundation is a registered charity in United States, based in Blaine, WA. It received its IRS tax-exemption ruling in December 2022, 4 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 March 2024, Canopy Planet Foundation reported income of $8.9m and spending of $3.3m, leaving 63% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $253k to $8.9m (+3415%), an average of +3415% a year. The sharpest change came in the year to March 2024, when income rose by 3415%. Over the whole period it spent 39% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Canopy Planet Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Grandfather Mountain Stewardship Foundation Inc ($8.8m), Southern California Mountains Foundation ($8.9m) and Institute for Market Transformation Inc ($8.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 95% and program service revenue 2.3% of the total. Other salaries and wages came to $231k. At year end it held assets of $8.7m against liabilities of $3.0m, net assets of $5.6m. It reported 5 employees.