Energyunited Foundation Inc

Analysis

Energyunited Foundation Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Energyunited Foundation Inc reported income of $519k and spending of $870k, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $469k to $519k (+11%), an average of +2.6% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Energyunited Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Bbright ($519k), Precious Hearts Sisterhood Inc ($519k) and Mwebaza Foundation ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $534k against liabilities of $0, net assets of $534k.