Carbon Removal Institute

Analysis

Carbon Removal Institute is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Carbon Removal Institute reported income of $556k and spending of $52k, leaving 91% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $556k (+178%), an average of +178% a year. The sharpest change came in the year to December 2023, when income rose by 178%. Over the whole period it spent 16% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carbon Removal Institute sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Hmong Cultural Center of Minnesota ($556k), Philadelphia Scenic Works ($556k) and Castine Scientific Society ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $638k against liabilities of $5,365, net assets of $632k.