Californians for Renewable Energy Inc

Analysis

Californians for Renewable Energy Inc is a registered charity in United States, based in Soquel, CA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Californians for Renewable Energy Inc reported income of $159k and spending of $160k, spending 101% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $84k to $159k (+89%), an average of +89% a year. The sharpest change came in the year to September 2023, when income rose by 89%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Californians for Renewable Energy 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 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Main Street Crestview Association Inc ($159k), South 27th Street Business District Association Inc ($159k) and San Joaquin County Hispanic Foundation Inc ($159k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,971 against liabilities of $0, net assets of $4,971.