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Pluto was reclassified from a planet to a dwarf planet in 2006. Pluto was discovered on February 18th, 1930 by the Lowell Observatory. For the 76 years between Pluto being discovered and the time it was reclassified as a dwarf planet it completed under a third of its orbit around the Sun.
The International Astronomical Union (IAU) downgraded the status of Pluto to that of a dwarf planet because it did not meet the three criteria the IAU uses to define a full-sized planet. In August 2006 the International Astronomical Union (IAU) downgraded the status of Pluto to that of dwarf planet.. This means that from now on only the rocky worlds of the inner Solar System and the gas giants of the outer system will be designated as planets.