Center for Energy Workforcedevelopment

Analysis

Center for Energy Workforcedevelopment is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Center for Energy Workforcedevelopment reported income of $3.4m and spending of $2.2m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.4m (+169%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Center for Energy Workforcedevelopment sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 75th percentile within DC. Charities of a similar size with the same main cause include Adirondack Medical Center Foundation ($3.4m), Fremont Area Community Foundation Inc ($3.5m) and Longmont Community Foundation ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $377k (17% of expenses). Other salaries and wages came to $178k. It paid $5,538 in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $824k, net assets of $2.1m.