New Energy Economy Inc

Analysis

New Energy Economy Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in August 2006, 20 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, New Energy Economy Inc reported income of $1.0m and spending of $880k, spending 88% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $624k to $1.0m (+61%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 97% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, New Energy Economy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NM. Charities of a similar size with the same main cause include Southeast Alaska Watershed Coalition ($1.0m), Tri County Landfill Association Inc ($1.0m) and Smith River Watershed Council ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $102k (12% of expenses). Other salaries and wages came to $267k. At year end it held assets of $661k against liabilities of $250k, net assets of $411k. It reported 8 employees.