Hanover County Clean Technology Innovation Center

Analysis

Hanover County Clean Technology Innovation Center is a registered charity in United States, based in Ashland, VA. It received its IRS tax-exemption ruling in April 2024, 2 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 June 2023, Hanover County Clean Technology Innovation Center reported income of $260k and spending of $248k, spending 95% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $12k to $260k (+2012%), an average of +360% a year. The sharpest change came in the year to June 2022, when income rose by 2244%. Over the whole period it spent 91% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Hanover County Clean Technology Innovation Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include American Hemerocallis Society ($260k), Rep Environmental Education Foundation ($260k) and Chattanooga Audubon Society ($260k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $64k (26% of expenses). Other salaries and wages came to $80k. At year end it held assets of $267k against liabilities of $1,746, net assets of $266k. It reported 1 employees.