National Energy Education Development Project Inc

Analysis

National Energy Education Development Project Inc is a registered charity in United States, based in Manassas, VA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, 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, National Energy Education Development Project Inc reported income of $10.1m and spending of $7.7m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $10.1m (+118%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Energy Education Development Project 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 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Holocaust Memorial Center ($10.1m), The Source for Learning Inc ($10.1m) and Hawaii Public Television Foundation ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $271k (3.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $11.0m against liabilities of $789k, net assets of $10.3m. It reported 21 employees.