American Council on Renewable Energy-Acore

Analysis

American Council on Renewable Energy-Acore is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Council on Renewable Energy-Acore reported income of $10.2m and spending of $9.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $10.2m (+220%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Council on Renewable Energy-Acore 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 95th percentile, and in the 87th percentile within DC. Charities of a similar size with the same main cause include Geoscienceworld ($10.2m), Grupo Nexos Inc ($10.3m) and Chabot Space & Science Center Foundation ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $1.0m (10% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $5.2m against liabilities of $4.5m, net assets of $718k. It reported 29 employees.