Center for Carbon Removal

Analysis

Center for Carbon Removal is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Center for Carbon Removal reported income of $13.9m and spending of $8.6m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $13.9m (+250%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 478%. Over the whole period it spent 49% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Center for Carbon Removal sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 90th percentile within DC. Charities of a similar size with the same main cause include Earth Day Network Inc ($13.9m), Land Legacy ($14.1m) and Casey Trees ($13.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.8% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $25.7m against liabilities of $621k, net assets of $25.1m. It reported 40 employees.