Solar and Energy Loan Fund of St Lucie County Inc

Analysis

Solar and Energy Loan Fund of St Lucie County Inc is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in March 2012, 14 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 September 2023, Solar and Energy Loan Fund of St Lucie County Inc reported income of $4.0m and spending of $3.4m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $4.0m (+217%), an average of +33% a year. The sharpest change came in the year to September 2020, when income rose by 245%. Over the whole period it spent 54% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Solar and Energy Loan Fund of St Lucie County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Cecil Land Trust ($4.0m), The Greenwich Land Trust Inc ($4.0m) and Regional Citizens Advisory Counsel ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $263k (7.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $22.7m against liabilities of $12.7m, net assets of $9.9m. It reported 21 employees.