Clean Energy Fund of Texas Inc

Analysis

Clean Energy Fund of Texas Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Clean Energy Fund of Texas Inc reported income of $498k and spending of $473k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $663k to $498k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clean Energy Fund of Texas Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include The Southern Association for College Admission Counseling ($498k), Schenley Heights Community Devlopme NT Program ($498k) and Friends of the Santa Cruz Public Libraries Inc ($498k).

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 $462k against liabilities of $0, net assets of $462k.