Blue Planet Foundation
Blue Planet Foundation faces recent financial deficits despite consistent program focus and zero reported officer compensation.
EIN: 208247917 · Honolulu, HI · NTEE: C352 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $378K |
| Total Expenses | $973K |
| Program Spending | 80% |
| Net Assets | $203K |
| Transparency Score | 75/100 |
Is Blue Planet Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blue Planet Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blue Planet Foundation
Blue Planet Foundation (EIN: 208247917) is a nonprofit organization based in Honolulu, HI, classified under NTEE code C352. The organization reported total revenue of $378K and total assets of $122K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Planet Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Planet Foundation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $922K |
| Total Expenses | $973K |
| Surplus / Deficit | $-51,450 |
| Total Assets | $270K |
| Total Liabilities | $68K |
| Net Assets | $203K |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 25.0% |
| Months of Reserves | 3.3 months |
Financial Health Grade: B
In 2023, Blue Planet Foundation reported a deficit of $51K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 25.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Blue Planet Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.8% | -11.8% | -23.2% |
| 2022 | -30.4% | -6.7% | -29.2% |
| 2021 | +36.4% | +0.4% | +6.0% |
| 2020 | -21.5% | -11.4% | -5.2% |
| 2019 | -7.1% | +9.0% | -22.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blue Planet Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Blue Planet Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a fully volunteer-led executive team or that executive salaries are covered under other expense categories, which would warrant further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Blue Planet Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023, 2022, 2020, 2019, 2017, 2014) where expenses exceeded revenue.
- Declining asset base from a peak of $636,395 in 2018 to $270,279 in 2023, indicating potential erosion of financial reserves.
- Unusually low or zero reported officer compensation, which, while potentially positive, could also indicate a lack of transparency if executive salaries are hidden in other expense categories.
Strengths
The following positive indicators were identified for Blue Planet Foundation:
- Strong program focus, as implied by the mission and general nonprofit spending patterns, and the absence of reported officer compensation suggests resources are directed towards mission.
- Consistent filing history with the IRS (13 filings), indicating good compliance and transparency in reporting.
- Zero reported officer compensation across all filings, demonstrating a commitment to minimizing administrative overhead at the executive level.
Frequently Asked Questions about Blue Planet Foundation
Is Blue Planet Foundation a legitimate charity?
Blue Planet Foundation (EIN: 208247917) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $378K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Blue Planet Foundation spend its money?
Blue Planet Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Blue Planet Foundation tax-deductible?
Blue Planet Foundation is registered as a tax-exempt nonprofit (EIN: 208247917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Blue Planet Foundation's spending goes to programs?
Blue Planet Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Blue Planet Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Blue Planet Foundation is above average for NTEE category C352 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blue Planet Foundation located?
Blue Planet Foundation is headquartered in Honolulu, Hawaii and files with the IRS under EIN 208247917. It is classified under NTEE code C352.
How many years of IRS 990 filings does Blue Planet Foundation have?
Blue Planet Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $378K in total revenue.
Is Blue Planet Foundation financially stable?
Blue Planet Foundation has experienced periods of financial instability, with expenses exceeding revenue in 6 out of the last 10 reported years. For example, in 2023, expenses were $973,390 against revenues of $921,940, and in 2022, expenses were $1,102,998 against revenues of $968,178. This trend has led to a decrease in net assets, indicating a need for improved financial management or increased fundraising.
How does Blue Planet Foundation's executive compensation compare to similar organizations?
Blue Planet Foundation reports 0% officer compensation across all available filings, which is exceptionally low compared to most organizations of similar size. This suggests a highly volunteer-driven leadership or that executive salaries are not reported under officer compensation, which could be a point of inquiry for donors.
What is the trend in Blue Planet Foundation's assets?
The organization's assets have fluctuated, peaking at $636,395 in 2018 but declining to $270,279 by 2023. This downward trend in assets, coupled with recurring deficits, indicates a potential strain on the organization's financial reserves.
Filing History
IRS 990 filing history for Blue Planet Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Blue Planet Foundation's revenue has declined by 34.5%, moving from $1.4M to $922K. Total assets increased by 112.7% over the same period, from $127K to $270K. Total functional expenses fell by 35.1%, from $1.5M to $973K. In its most recent filing year (2023), Blue Planet Foundation reported a deficit of $51K, with expenses exceeding revenue. The organization holds $68K in liabilities against $270K in assets (debt-to-asset ratio: 25.0%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $922K | $973K | $270K | $68K | — | View 990 |
| 2022 | $968K | $1.1M | $352K | $98K | — | View 990 |
| 2021 | $1.4M | $1.2M | $497K | $108K | — | View 990 |
| 2020 | $1.0M | $1.2M | $469K | $289K | — | View 990 |
| 2019 | $1.3M | $1.3M | $495K | $156K | — | View 990 |
| 2018 | $1.4M | $1.2M | $636K | $267K | — | View 990 |
| 2017 | $1.2M | $1.2M | $397K | $207K | — | View 990 |
| 2016 | $1.1M | $1.0M | $476K | $247K | — | View 990 |
| 2015 | $1.3M | $1.1M | $522K | $421K | — | View 990 |
| 2014 | $944K | $1.0M | $295K | $357K | — | View 990 |
| 2013 | $844K | $1.0M | $72K | $63K | — | View 990 |
| 2012 | $1.3M | $1.2M | $293K | $154K | — | View 990 |
| 2011 | $1.4M | $1.5M | $127K | $160K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $922K, expenses of $973K, and assets of $270K (revenue -4.8% year-over-year).
- 2022: Revenue of $968K, expenses of $1.1M, and assets of $352K (revenue -30.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $497K (revenue +36.4% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.2M, and assets of $469K (revenue -21.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $495K (revenue -7.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $636K (revenue +17.2% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $397K (revenue +4.0% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $476K (revenue -11.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.1M, and assets of $522K (revenue +37.7% year-over-year).
- 2014: Revenue of $944K, expenses of $1.0M, and assets of $295K (revenue +11.8% year-over-year).
- 2013: Revenue of $844K, expenses of $1.0M, and assets of $72K (revenue -37.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $293K (revenue -4.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.5M, and assets of $127K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Planet Foundation:
Data Sources and Methodology
This transparency report for Blue Planet Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.