Community Energy Project Inc

Analysis

Community Energy Project Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in November 1991, 35 years ago. 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 June 2023, Community Energy Project Inc reported income of $3.1m and spending of $3.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $3.1m (+142%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Energy Project Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include Vermont Association for the Blind and Visually Impaired Inc ($3.1m), San Jose Jazz ($3.1m) and Seton School ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $157k (4.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.0m against liabilities of $1.1m, net assets of $906k. It reported 24 employees.