Institute for Energy Innovation

Analysis

Institute for Energy Innovation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Institute for Energy Innovation reported income of $900k and spending of $770k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $346k to $900k (+160%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 86% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Institute for Energy Innovation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Elizabethan Gardens Inc of the Garden Club of North Carolina ($899k), North American Lake Management Society ($900k) and Conservatives for Clean Energy Inc ($899k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $140k (18% of expenses). Other salaries and wages came to $314k. At year end it held assets of $607k against liabilities of $22k, net assets of $585k. It reported 6 employees.