Direct Air Capture Coalition Inc

Analysis

Direct Air Capture Coalition Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in September 2023, 3 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 December 2023, Direct Air Capture Coalition Inc reported income of $590k and spending of $620k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $207k to $590k (+185%), an average of +185% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 93% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Direct Air Capture Coalition Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Sipson Island Trust Inc ($590k), Twelve Stones Christian Academy ($591k) and Lake Owen Association Inc ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $145k (23% of expenses). At year end it held assets of $368k against liabilities of $447k, net assets of -$79k.