Friends of Energy Institute Inc

Analysis

Friends of Energy Institute Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of Energy Institute Inc reported income of $145k and spending of $99k, leaving 32% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $104k to $145k (+39%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 96%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Energy Institute Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Aurora East Educational Foundation ($145k), Bloomington Public Library Foundation ($145k) and Sunnyside Christian School Foundation ($145k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $226k against liabilities of $0, net assets of $226k.