Remote Energy

Analysis

Remote Energy is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in August 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Remote Energy reported income of $463k and spending of $452k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $463k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Remote Energy sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include Pawtucket Soup Kitchen ($463k), Dubuque Main Street Ltd ($463k) and Fairgrove Family Resource Center ($463k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $214k. It paid $20k in professional fundraising fees. At year end it held assets of $324k against liabilities of $14k, net assets of $310k. It reported 8 employees.