Foundation of the Association of Energy Engineers Inc

Analysis

Foundation of the Association of Energy Engineers Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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, Foundation of the Association of Energy Engineers Inc reported income of $146k and spending of $90k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $146k (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 568%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of the Association of Energy Engineers Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within GA. Charities of a similar size with the same main cause include South Texas Youth Soccer Association ($146k), Bell Township Volunteer Fire Department ($146k) and Bella Womens Center ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $597k against liabilities of $4,500, net assets of $593k.