National Wind Technology Consortium

Analysis

National Wind Technology Consortium is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, National Wind Technology Consortium reported income of $7.2m and spending of $6.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $462k to $7.2m (+1458%), an average of +99% a year. The sharpest change came in the year to December 2022, when income rose by 180%. Over the whole period it spent 93% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, National Wind Technology Consortium sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Infact ($7.2m), Working Lands Trust Inc ($7.2m) and Island Conservation ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $273k (4.0% of expenses). Other salaries and wages came to $706k. At year end it held assets of $3.4m against liabilities of $2.1m, net assets of $1.3m. It reported 6 employees.