Energy for Growth Hub

Analysis

Energy for Growth Hub is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 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 (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, Energy for Growth Hub reported income of $4.9m and spending of $2.6m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $4.9m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income rose by 964%. Over the whole period it spent 42% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Energy for Growth Hub sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 80th percentile within DC. Charities of a similar size with the same main cause include Nebraska Land TR ($4.9m), Thorne Ecological Institute ($4.9m) and North American Association for Environmental Education ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $494k (19% of expenses). Other salaries and wages came to $529k. At year end it held assets of $12.7m against liabilities of $22k, net assets of $12.7m. It reported 7 employees.