Plymouth Area Renewable Energy Initiative

Analysis

Plymouth Area Renewable Energy Initiative is a registered charity in United States, based in Plymouth, NH. It received its IRS tax-exemption ruling in September 2004, 22 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, Plymouth Area Renewable Energy Initiative reported income of $984k and spending of $959k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $604k to $984k (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 101% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Plymouth Area Renewable Energy Initiative sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within NH. Charities of a similar size with the same main cause include South Central Mountain Resource Conservation & Development Council ($983k), Greenspaces ($985k) and Nevada Outdoor School ($982k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $135k. At year end it held assets of $171k against liabilities of $38k, net assets of $134k. It reported 12 employees.