Hotrock Energy Research Organization

Analysis

Hotrock Energy Research Organization is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Hotrock Energy Research Organization reported income of $115k and spending of $84k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $294k to $115k (-61%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hotrock Energy Research Organization sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within WA. Charities of a similar size with the same main cause include Seven West Forty Third Street Foundation Inc ($115k), Future Now Media Foundation Inc ($115k) and Ithaca Festival Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $4,725 (5.6% of expenses). At year end it held assets of $45k against liabilities of $1,645, net assets of $44k. It reported 1 employees.