Marine Renewable Energy Collaborative of New England

Analysis

Marine Renewable Energy Collaborative of New England is a registered charity in United States, based in Marion, MA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Marine Renewable Energy Collaborative of New England reported income of $135k and spending of $151k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $135k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marine Renewable Energy Collaborative of New England sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Family Life Education Ministries Inc ($135k), Little League Baseball Inc ($135k) and Central Booster Club Inc ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $281k against liabilities of $1,637, net assets of $279k.