Cool Effect Inc

Analysis

Cool Effect Inc is a registered charity in United States, based in Greenbrae, CA. It received its IRS tax-exemption ruling in February 2016, 10 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 June 2023, Cool Effect Inc reported income of $18.8m and spending of $19.2m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.4m to $18.8m (+99%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 99% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Cool Effect Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Smart Electric Power Alliance ($18.4m), Minnesota Land Trust ($18.9m) and Triangle Land Conservancy Inc ($18.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $471k (2.5% of expenses). Other salaries and wages came to $423k. At year end it held assets of $8.2m against liabilities of $3.1m, net assets of $5.1m. It reported 3 employees.