Energy Education Foundation

Analysis

Energy Education Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Energy Education Foundation reported income of $897k and spending of $1.8m, spending 201% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $1.7m to $897k (-49%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 152% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Energy Education Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Cool Spring Downtown District Inc ($897k), Society for the Preservation of Long Island Antiquities Inc ($897k) and Cultural Island Travel Inc ($897k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $188k (10% of expenses). Other salaries and wages came to $474k. At year end it held assets of $5.9m against liabilities of $222k, net assets of $5.7m. It reported 29 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.