New York City Energy Efficiency Corporation

Analysis

New York City Energy Efficiency Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 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 June 2023, New York City Energy Efficiency Corporation reported income of $4.9m and spending of $6.1m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.8m to $4.9m (-16%), an average of -4.4% a year. Over the whole period it spent 133% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, New York City Energy Efficiency Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include The Land Trust for Santa Barbara County ($4.9m), Backcountry Hunters and Anglers ($4.9m) and Sustainable Conservation Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $570k (9.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $44.3m against liabilities of $15.2m, net assets of $29.1m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.