Carbon Underground

Analysis

Carbon Underground is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 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, Carbon Underground reported income of $121k and spending of $157k, spending 129% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $312k to $121k (-61%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 94% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Carbon Underground sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Society for Conservation Gis Inc ($121k), Blue Scholars Initiative Inc ($121k) and Living Observatory Inc ($121k).

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 $215k against liabilities of $0, net assets of $215k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.