Carbon Business Development Council Inc

Analysis

Carbon Business Development Council Inc is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carbon Business Development Council Inc reported income of $294k and spending of $359k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $294k (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carbon Business Development Council Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include United Way of Greater Hartsville ($294k), Velocity Swimming ($294k) and Arizona Center for Rural Leadership Project Central ($294k).

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 $107k (30% of expenses). Other salaries and wages came to $70k. At year end it held assets of $268k against liabilities of $231k, net assets of $37k. It reported 3 employees.