Home Energy Efficiency Team Inc

Analysis

Home Energy Efficiency Team Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Home Energy Efficiency Team Inc reported income of $2.3m and spending of $2.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $499k to $2.3m (+365%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Energy Efficiency Team Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity of Goldsboro- Wayne Inc ($2.3m), Shoreview Senior Residence ($2.3m) and Linden Housing Corporation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $208k (9.7% of expenses). Other salaries and wages came to $667k. At year end it held assets of $2.1m against liabilities of $299k, net assets of $1.8m. It reported 16 employees.