North Carolina Clean Energy Fund

Analysis

North Carolina Clean Energy Fund is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 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 June 2023, North Carolina Clean Energy Fund reported income of $679k and spending of $146k, leaving 78% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $220k to $679k (+209%), an average of +209% a year. The sharpest change came in the year to June 2023, when income rose by 209%. Over the whole period it spent 17% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, North Carolina Clean Energy Fund sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Western Kentucky Botanical Garden ($679k), Center for Urban Pedagogy Inc ($680k) and Tetiaroa Society ($679k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (58% of expenses). At year end it held assets of $797k against liabilities of $48k, net assets of $749k. It reported 2 employees.