The Climate Initiative

Analysis

The Climate Initiative is a registered charity in United States, based in Cape Porpoise, ME. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, The Climate Initiative reported income of $2.9m and spending of $2.5m, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.3m to $2.9m (+122%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 355%. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Climate Initiative 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 89th percentile, and in the 88th percentile within ME. Charities of a similar size with the same main cause include Slammers Futbol Club ($2.8m), Hanover Improvement Society Corp ($2.9m) and West Side Alliance Soccer Club Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $186k (7.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.0m against liabilities of $425k, net assets of $4.6m. It reported 39 employees.