Elemental Excelerator Inc

Analysis

Elemental Excelerator Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 2017, 9 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, Elemental Excelerator Inc reported income of $35.7m and spending of $20.0m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.3m to $35.7m (+120%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 67% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Elemental Excelerator Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within HI. Charities of a similar size with the same main cause include Northwest Energy Efficiency Alliance Inc ($35.5m), Center for International Forestry Research ($35.9m) and National Parks Conservation Association ($35.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $1.8m (9.0% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $47.4m against liabilities of $1.3m, net assets of $46.1m. It reported 69 employees.