Overview
What is The Energy For Growth Hub Inc?
The Energy For Growth Hub Inc is a global nonprofit organization based in Washington, D.C. Comprising a network of researchers and advocates, this organization focuses on promoting large-scale energy solutions. Their primary activities involve conducting research, analyzing data, and generating evidence-based policy solutions. Their mission is to reduce poverty and promote economic opportunity in Africa and Asia by utilizing data to enhance the provision and quality of electricity. They strive to create insights about modern energy systems and serve as a platform for research ideas and policy engagement, with a current workforce of 5 individuals.
Official website here: www.energyforgrowth.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Energy For Growth Hub Inc has received an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization's overall score is based solely on its accountability and finance beacon, highlighting its robust governance structures and responsible financial practices.
Strengths of the organization include a high level of board independence, with 87% of its board members being independent, and an effective audit and oversight committee. Furthermore, it has demonstrated exemplary financial management with a program expense ratio of 92.51%, indicating that a significant majority of its funds are directed toward its mission-driven programs.
No significant limitations were noted in the data, as the organization has established comprehensive policies related to conflict of interest, whistleblower protection, and document retention. Additionally, the absence of material asset diversion suggests a strong commitment to ethical practices. Overall, The Energy For Growth Hub Inc appears to be a well-managed nonprofit dedicated to transparency and effective resource utilization.
This AI summary has been generated from information found on Charity Navigator.
Is The Energy For Growth Hub Inc legitimate?
The Energy For Growth Hub Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Energy For Growth Hub Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $494,319
Professional Fundraising Fees: $0
Other Salaries and Wages: $528,762
For more financial information, click here
Official website here: www.energyforgrowth.org
What is the mission statement of The Energy For Growth Hub Inc?
The mission of The Energy For Growth Hub Inc is focused on reducing poverty and promoting economic opportunities in Africa and Asia. This is achieved by utilizing research and data to improve the provision and quality of electricity. As a global nonprofit, The Energy For Growth Hub serves as a network of researchers and advocates, conducting research, analyzing data, and generating evidence-based policy solutions. The Hub aims to provide insights about modern energy systems, and offers a platform for research ideas and policy engagement.
Official website here: www.energyforgrowth.org
What is the revenue of The Energy For Growth Hub Inc?
The Energy For Growth Hub Inc's revenue in 2023 was $4,929,450.
Official website here: www.energyforgrowth.org
Who are the executives of The Energy For Growth Hub Inc and what are their salaries?
The average compensation at The Energy For Growth Hub Inc during 2023 was $146,154. There are 7 employees at The Energy For Growth Hub Inc.
Here are 10 key members and their salaries:
- Compensation: $420,328
- Related: $0
- Other: $73,979
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- Other: $0
- Compensation: $197,623
- Related: $0
- Other: $53,745
Official website here: www.energyforgrowth.org
Where can I find the form 990 for The Energy For Growth Hub Inc?
The Energy For Growth Hub Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.energyforgrowth.org
Learn more at the official website: www.energyforgrowth.org
Mission Statement of The Energy For Growth Hub Inc
The Energy for Growth Hub Inc, a global nonprofit network, is committed to reducing poverty and promoting economic opportunities in Africa and Asia. By leveraging research and data, they aim to improve the provision and quality of electricity, thereby fostering growth and development. As a hub of researchers and advocates, they conduct extensive studies, analyze data, and generate evidence-based policy solutions. The Energy for Growth Hub not only provides insights about modern energy systems, but also serves as a platform for research ideas and policy engagement, thereby contributing to the development of effective and sustainable energy solutions.
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Impact
June, 2024
The Energy For Growth Hub Inc's impactful work focuses on reducing poverty and promoting economic opportunity in Africa and Asia through the use of data to improve the provision and quality of electricity. This global network of researchers and advocates conducts research, analyzes data, and generates evidence-based policy solutions to promote large-scale energy solutions. By creating and delivering insights about modern energy systems and providing a platform for research ideas and policy engagement, The Energy For Growth Hub Inc is playing a significant role in addressing energy challenges in developing regions and contributing to sustainable development.
This information is meant to be a general summary of The Energy For Growth Hub Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $320,526
- Program Service Revenue: $165,600
- Gross Receipts: $5,850,051
Assets and Liabilities:
- Total Assets: $10,184,517
- Total Liabilities: $44,395
- Net Assets: $10,140,122
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$165,600
Organization Details
Founding Year
2018
Principal Officer
Todd Moss
Website
www.energyforgrowth.orgNTEE Category
Code: C35 - Environment
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