Climable Inc

Analysis

Climable Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 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, Climable Inc reported income of $579k and spending of $582k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $629k to $579k (-7.9%), an average of -7.9% a year. Over the whole period it spent 79% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Climable Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Kendall Foundation Inc ($579k), Wind River Tribal Buffalo Initiative ($579k) and Hatcher Garden and Woodland Preserve Inc ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Other salaries and wages came to $359k. At year end it held assets of $388k against liabilities of $67k, net assets of $321k. It reported 22 employees.