Global Network for Energy and Environment Inc

Analysis

Global Network for Energy and Environment Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2013, 13 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 December 2023, Global Network for Energy and Environment Inc reported income of $250k and spending of $312k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $250k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 149%. Over the whole period it spent 105% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Global Network for Energy and Environment Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Innovators Educational Foundation ($249k), Wisconsin Association of Lakes Inc ($250k) and Solid Waste Association of North America Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 91% of the total. At year end it held assets of $305k against liabilities of $364k, net assets of -$59k.