Climate Group Inc

Analysis

Climate Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2005, 21 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, Climate Group Inc reported income of $4.9m and spending of $5.4m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $4.9m (+103%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 103% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Climate Group Inc 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 Center for an Agricultural Economy ($4.9m), Delaware Nature Society Inc ($4.9m) and Friends of the Charles Darwin Foundation for the Galapagos Islan ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $239k (4.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.2m against liabilities of $1.5m, net assets of -$318k. It reported 26 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.