Energy for Common Good Inc

Analysis

Energy for Common Good Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in December 2021, 5 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 Common Good Inc reported income of $1.3m and spending of $1.5m, spending 121% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.0m to $1.3m (+28%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Energy for Common Good Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Re-Volv ($1.3m), Keep Austin Beautiful Inc ($1.3m) and Weconservepa ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $466k (30% of expenses). Other salaries and wages came to $418k. It paid $70k in professional fundraising fees. At year end it held assets of $511k against liabilities of $387k, net assets of $124k. It reported 13 employees.