Foundation for Renewable Energy and the Environment

Analysis

Foundation for Renewable Energy and the Environment is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Renewable Energy and the Environment reported income of $468k and spending of $499k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $535k to $468k (-13%), an average of -4.4% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 78% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Foundation for Renewable Energy and the Environment sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 64th percentile within DE. Charities of a similar size with the same main cause include Sandiego350 ($468k), Vermont Woodlands Association ($468k) and Virginia Environmental Justice Collaborative ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $195k. At year end it held assets of $710k against liabilities of $43k, net assets of $667k. It reported 2 employees.