CT Energy Efficiency Finance Company

Analysis

CT Energy Efficiency Finance Company is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, CT Energy Efficiency Finance Company reported income of $2.1m and spending of $3.3m, spending 153% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $1.6m to $2.1m (+32%), an average of +5.8% a year. The sharpest change came in the year to March 2021, when income rose by 114%. 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, CT Energy Efficiency Finance Company sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include David Brower Center ($2.1m), Sitka Conservation Society ($2.1m) and Houston Audubon Society ($2.1m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $44.9m against liabilities of $31.8m, net assets of $13.2m.