Climate Central Inc

Analysis

Climate Central Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Climate Central Inc reported income of $9.6m and spending of $10.7m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.5m to $9.6m (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Climate Central 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 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Kohler Trust for the Arts and Education ($9.6m), Eleutherian Mills-Hagley Foundation Inc ($9.6m) and Calvin Simmons Theatre ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $1.1m (10% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $11.4m against liabilities of $1.8m, net assets of $9.6m. It reported 44 employees.