Solar Electric Light Fund

Analysis

Solar Electric Light Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1990, 36 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, Solar Electric Light Fund reported income of $971k and spending of $1.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $971k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 100% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Solar Electric Light Fund sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 54th percentile within DC. Charities of a similar size with the same main cause include The Watershed Project ($970k), Sustainable Coastlines Hawaii ($972k) and National Grazing Lands Coalition ($970k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $208k (19% of expenses). Other salaries and wages came to $346k. At year end it held assets of $796k against liabilities of $28k, net assets of $768k. It reported 7 employees.