California Energy Power and Innovation Collaborative

Analysis

California Energy Power and Innovation Collaborative is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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, California Energy Power and Innovation Collaborative reported income of $1.6m and spending of $4.1m, spending 249% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $368k to $1.6m (+342%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 226%. Over the whole period it spent 429% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, California Energy Power and Innovation Collaborative sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Lancaster Childrens Home Inc ($1.6m), The Roxy Theater ($1.6m) and Youth for Christ USA Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $123k (3.0% of expenses). Other salaries and wages came to $560k. At year end it held assets of $2.3m against liabilities of $15.1m, net assets of -$12.9m.

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.