Good Energy Project Inc

Analysis

Good Energy Project Inc is a registered charity in United States, based in Perdido Beach, AL. It received its IRS tax-exemption ruling in May 2022, 4 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, Good Energy Project Inc reported income of $999k and spending of $991k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $281k to $999k (+255%), an average of +88% a year. The sharpest change came in the year to December 2022, when income rose by 159%. 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, Good Energy Project Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include Design Trust for Public Space Inc ($999k), Friends of Central Algoma Land Trust ($1.0m) and Atlantic Marine Conservation Society Ltd ($999k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. At year end it held assets of $29k against liabilities of $151, net assets of $29k.