Planet Hope FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 1993Foundations & GrantmakersEIN 95-4441063Revenue $328K in FY2021

On file with the IRSplanethope.org9200 W Sunset Blvd Ste 600, 90069-3196 · Los Angeles, CATax-exempt since Mar 1994Publicly supported charity — 170(b)(1)(A)(vi)

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To provide educational activities, holiday cheer, tutoring, career counseling, dresses for working mothers, clothing and toys for homeless, at-risk, and ill children and their families.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $670 a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$328K
+51% vs prior year
Spent
$331K
To programs
100%
Net assets
$11K
By yearFY2020–FY2025
Revenue
$328K
FY2021▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$217K
FY2021$328K
FY2022$40K
FY2023$11K
FY2024$137
FY2025$164
Expenses
$331K
FY2021▲ +62%
Tap a bar for its year
Expenses by fiscal year
FY2020$205K
FY2021$331K
FY2022$50K
FY2023$3K
FY2024$2K
FY2025$1K
Net assets
$11K
FY2021▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2020$14K
FY2021$11K
FY2022$690
FY2023$8K
FY2024$7K
FY2025$6K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $330K Management & general 0% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Planet Hope executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers educational activities, holiday cheer, and essential items for homeless, at-risk, and ill children and families.

Provided by the organization

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3 programs · $330K · in their own filed words · FY2021
01

"hope for the holidays" was established to provide 30,000 individually-wrapped christmas toys and gifts to children at shelters, safehouses, and hospitals. Each holiday gift was individually tagged and delivered to shelters and hospitals throughout california.

$241Kprogram expense
02

1000 sneakers and backpacks were sized and delivered to children in los angeles for going back to school.

$77Kprogram expense
03

Hand assembled easter baskets were filled and tagged for each child living in 23 shelters in los angeles.

$12Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$328K
Ln 12
Gifts and grantsLn 1h$328K
Investment incomeLn 3$122
Money outPt IX
$331K
Ln 25
Programscol B$330K
Managementcol C$1K
Owns and owesPt X
$11K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$11K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$328K
Noncash giftsLn 1g$308K
Investment incomeLn 3$122
Total revenueLn 12$328K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Total assetsLn 16$11K
LiabilitiesLn 26$0
Net assetsLn 32$11K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$14K$11K
Total assetsLn 16$14K$11K
LiabilitiesLn 26$0$0
Net assetsLn 32$14K$11K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$750$250
Office expensesLn 13$2K$2K
TravelLn 17$2K$2K
Other expenses (24a–d)Ln 24$325K$324K$206
All other expensesLn 24e$2K$801$756
Total functional expensesLn 25$331K$330K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $164$1K−$1K$6K 990 PDF
FY2024 $137$2K−$2K$7K 990 PDF
FY2023 $11K$3K$8K$8K 990 PDF
FY2022 $40K$50K−$10K$690 990 PDF
FY2021 Viewing $328K$331K−$4K$11K 990 PDF
FY2020 $217K$205K$13K$14K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $327,710 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $217,081$327,588
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $334$122
I-11 Other revenuePrior year $77$0
I-12 Total revenuePrior year $217,492$327,710
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $204,701$331,402
I-18 Total expensesPrior year $204,701$331,402
I-19 Revenue less expensesPrior year $12,791−$3,692
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $327,710 across 5 lines filed
VIII-1f All other contributions, gifts and grants$327,588
VIII-1g Noncash contributions (included above)$308,188
VIII-1h Total contributions, gifts and grants$327,588
VIII-3 Investment incomeUnrelated business $122$122
VIII-12 Total revenueRelated to mission $0 · Unrelated business $122 · Excluded from tax $0$327,710
Part IX · Statement of functional expenses $331,402 across 5 lines filed
IX-11c Accounting feesPrograms $750 · Management $250$1,000
IX-13 Office expensesPrograms $2,105$2,105
IX-17 TravelPrograms $2,124$2,124
IX-24 Other expenses (24a–d)Programs $324,410 · Management $206$324,616
IX-24e All other expensesPrograms $801 · Management $756$1,557
IX-25 Total functional expensesPrograms $330,190 · Management $1,212 · Fundraising $0$331,402
Part X · Balance sheet $10,599 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $14,291$10,599
X-16 Total assetsStart of year $14,291$10,599
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $14,291$10,599
X-33 Total liabilities and net assetsStart of year $14,291$10,599
Part XI · Reconciliation of net assets $10,599 net assets at year end
XI-1 Total revenue$327,710
XI-2 Total expenses$331,402
XI-3 Revenue less expenses−$3,692
XI-4 Net assets at start of year$14,291
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,599

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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