Illinois Ibew Renewable Energy Fund Inc

Analysis

Illinois Ibew Renewable Energy Fund Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Illinois Ibew Renewable Energy Fund Inc reported income of $731k and spending of $766k, spending 105% of its income. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Illinois Ibew Renewable Energy Fund Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Arizona Anti-Trafficking Network ($731k), Empowering Minds Together Inc ($731k) and National Foundation to End Senior Hunger Inc ($731k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $47k. At year end it held assets of $650k against liabilities of $172k, net assets of $478k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.