Residential Energy Services Network Inc

Analysis

Residential Energy Services Network Inc is a registered charity in United States, based in Moorpark, CA. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Residential Energy Services Network Inc reported income of $4.1m and spending of $3.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.1m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Residential Energy Services Network Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Howard County Conservancy Inc ($4.1m), The Trust for Hidden Villa ($4.1m) and Piedmont Land Conservancy ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $285k (7.6% of expenses). Other salaries and wages came to $805k. At year end it held assets of $3.6m against liabilities of $300k, net assets of $3.3m. It reported 8 employees.