Climateworks Foundation

Analysis

Climateworks Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 2009, 17 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, Climateworks Foundation reported income of $266.5m and spending of $264.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $93.6m to $266.5m (+185%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Climateworks Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Cold Spring Harbor Laboratory ($258.0m), National Foundation for the CTRS for Disease Contr & Prevention Inc ($278.9m) and National Gallery of Art ($250.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $5.0m (1.9% of expenses). Other salaries and wages came to $23.1m. It paid $72k in professional fundraising fees. At year end it held assets of $470.9m against liabilities of $62.7m, net assets of $408.2m. It reported 180 employees.