Nevada Clean Energy Fund

Analysis

Nevada Clean Energy Fund is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Nevada Clean Energy Fund reported income of $75k and spending of $335k, spending 444% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $360k to $75k (-79%), an average of -79% a year. The sharpest change came in the year to June 2023, when income dropped by 79%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nevada Clean Energy Fund sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 33rd percentile within NV. Charities of a similar size with the same main cause include Crossways Ministries ($75k), Kennedy Parent Teacher Organization Inc ($75k) and Merchants Toy-N-Joy Benefit Inc ($75k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $130k (39% of expenses). Other salaries and wages came to $42k. It paid $9,013 in professional fundraising fees. At year end it held assets of $28k against liabilities of $0, net assets of $28k. It reported 1 employees.