Sustainable Energy Utility Inc

Analysis

Sustainable Energy Utility Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sustainable Energy Utility Inc reported income of $45.0m and spending of $35.2m, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $18.7m to $45.0m (+141%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 76% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Sustainable Energy Utility Inc 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 99th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include National Outdoor Leadership School ($44.7m), Morton Arboretum ($45.1m) and International Centre for Research in Agroforestry ($44.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $130k (0.4% of expenses). Other salaries and wages came to $641k. At year end it held assets of $154.0m against liabilities of $59.3m, net assets of $94.6m. It reported 9 employees.