Energy Resource Center

Analysis

Energy Resource Center is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in December 1980, 46 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Energy Resource Center reported income of $17.7m and spending of $18.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.7m to $17.7m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Energy Resource Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Mirabella at Asu Inc ($17.6m), Chai House II Inc ($17.7m) and Abes Garden ($17.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $409k (2.2% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $7.3m against liabilities of $3.9m, net assets of $3.3m. It reported 160 employees.