Interstate Renewable Energy Council

Analysis

Interstate Renewable Energy Council is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in February 1983, 43 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, Interstate Renewable Energy Council reported income of $7.4m and spending of $7.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $7.4m (+113%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interstate Renewable Energy Council sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Galilee Majestic Arms Incorporated ($7.4m), Long Island Consultation Center Inc ($7.4m) and New Way Academy ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $3.4m against liabilities of $752k, net assets of $2.7m. It reported 38 employees.