Global Renewable Energy Education Network

Analysis

Global Renewable Energy Education Network is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Global Renewable Energy Education Network reported income of $28.5m and spending of $27.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.4m to $28.5m (+150%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Renewable Energy Education Network sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Mecklenburg Partnership for Children ($28.5m), Walker School Inc ($28.5m) and Arizona Christian School Tuition Organization Inc ($28.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Other salaries and wages came to $13.0m. At year end it held assets of $60.4m against liabilities of $55.1m, net assets of $5.3m. It reported 285 employees.