Renewable Energy Alaska Project

Analysis

Renewable Energy Alaska Project is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in May 2008, 18 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, Renewable Energy Alaska Project reported income of $1.7m and spending of $1.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $993k to $1.7m (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 91% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Renewable Energy Alaska Project sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within AK. Charities of a similar size with the same main cause include Audubon Society of Western Pennsylvania Inc ($1.7m), American Society for Horticultural Science ($1.7m) and Friends of Herring River Wellfleet-Truro ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $175k (11% of expenses). Other salaries and wages came to $848k. At year end it held assets of $828k against liabilities of $141k, net assets of $687k. It reported 13 employees.