Potential Energy Inc

Analysis

Potential Energy Inc is a registered charity in United States, based in Emeryville, CA. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Potential Energy Inc reported income of $556k and spending of $332k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $556k (+608%), an average of +608% a year. The sharpest change came in the year to December 2023, when income rose by 608%. Over the whole period it spent 78% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Potential Energy Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Family Education Services Foundation North America Inc ($555k), Operation Give Hope Inc ($556k) and Andando Foundation ($555k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (35% of expenses). Other salaries and wages came to $119k. At year end it held assets of $279k against liabilities of $177k, net assets of $102k.