National Energy Foundation Inc

Analysis

National Energy Foundation Inc is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in June 1977, 49 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 June 2023, National Energy Foundation Inc reported income of $13.5m and spending of $13.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $13.5m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, National Energy Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Greater Yellowstone Coalition Inc ($13.4m), The Trust for Tomorrow ($13.5m) and Oceantic Network Inc ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $827k (6.3% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $10.3m against liabilities of $2.1m, net assets of $8.2m. It reported 145 employees.