Climate Vault Inc

Analysis

Climate Vault Inc is a registered charity in United States, based in Chicago, IL. 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 November 2023, Climate Vault Inc reported income of $6.0m and spending of $3.3m, leaving 46% of income unspent that year. Across the 3 years on record, from November 2021 to November 2023, income fell from $6.9m to $6.0m (-12%), an average of -6.2% a year. The sharpest change came in the year to November 2022, when income dropped by 23%. Over the whole period it spent 51% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Climate Vault Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Wild Earth Allies Inc ($6.0m), Yayasan Keanekaragaman Hayati Indonesia ($6.0m) and Inclusive Prosperity Capital Inc ($6.0m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $466k (14% of expenses). Other salaries and wages came to $774k. At year end it held assets of $14.4m against liabilities of $5.0m, net assets of $9.4m. It reported 21 employees.