Innovation Center for Energy and Sustainability

Analysis

Innovation Center for Energy and Sustainability is a registered charity in United States, based in S Pasadena, CA. It received its IRS tax-exemption ruling in October 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, Innovation Center for Energy and Sustainability reported income of $355k and spending of $471k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $597k to $355k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 98% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Innovation Center for Energy and Sustainability sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Council for the New Energy Economics ($354k), Elizabeth Street Garden Inc ($355k) and Tech-Now Inc ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $162k (34% of expenses). At year end it held assets of $330k against liabilities of $161k, net assets of $169k. It reported 2 employees.