National Offshore Wind Training Center Inc

Analysis

National Offshore Wind Training Center Inc is a registered charity in United States, based in Hauppauge, NY. It received its IRS tax-exemption ruling in March 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Offshore Wind Training Center Inc reported income of $3.3m and spending of $2.6m, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.7m to $3.3m (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Offshore Wind Training Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Marion Charter School Inc ($3.3m), Auburn Research Park I ($3.3m) and Intercollegiate Center for Classical Studies ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.4m against liabilities of $10k, net assets of $2.4m.