Securing Americas Future Energy Foundation

Analysis

Securing Americas Future Energy Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2004, 22 years ago. 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, Securing Americas Future Energy Foundation reported income of $7.1m and spending of $8.6m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $7.1m (+146%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 189%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Securing Americas Future Energy Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 83rd percentile within DC. Charities of a similar size with the same main cause include Hispanic Heritage Foundation ($7.1m), Mobile Christian School ($7.1m) and Minnesota Lions Vision Foundation Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $1.4m (16% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $5.6m against liabilities of $7.4m, net assets of -$1.7m. It reported 80 employees.