Dollar Energy Fund Inc

Analysis

Dollar Energy Fund Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Dollar Energy Fund Inc reported income of $20.3m and spending of $24.7m, spending 122% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $21.1m to $20.3m (-3.6%), an average of -1.2% a year. The sharpest change came in the year to September 2021, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dollar Energy Fund Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Peoples Self-Help Housing Corporation ($20.3m), University Facilities Inc ($20.4m) and Mof-Preservation of Affordability Corp ($20.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $1.0m (4.1% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $28.2m against liabilities of $6.3m, net assets of $21.9m. It reported 161 employees.