Inside Climate News

Analysis

Inside Climate News is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Inside Climate News reported income of $3.6m and spending of $3.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.6m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inside Climate News sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include The Dusable Black History Museum and Education Center ($3.6m), Association of Childrens Museums Inc ($3.6m) and Wiyn Consortium Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $235k (7.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.1m against liabilities of $54k, net assets of $3.0m. It reported 29 employees.