Researches and promotes energy efficiency policies and technologies to improve climate mitigation, adaptation, and environmental justice.
For fiscal year 2024 it reported $28.9M in revenue, $26.8M in expenses, and $6.7M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$28.9M
Pt VIII · Ln 12
Total expenses
$26.8M
Pt IX · Ln 25
Net assets
$6.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.2M
Where spending went · Part IX cols B–D
90%
Program services $0.90 Management & general $0.09 Fundraising $0.01
Program efficiency
90%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
9.3mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +49% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$28.9M
FY2024▲ +10%
$28.9M$14.5M$0
FY2020FY2024
Expenses
$26.8M
FY2024▲ +7%
$26.8M$13.4M$0
FY2020FY2024
Total assets
$23.6M
FY2024▲ +12%
$23.6M$11.8M$0
FY2020FY2024
Total liabilities
$16.9M
FY2024▲ +3%
$19.5M$9.7M$0
FY2020FY2024
Total revenue
$28.9M
Pt VIII · Ln 12
Total expenses
$26.8M
Pt IX · Ln 25
Net assets
$6.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.2M
Total assetsPt X · Ln 16$23.6M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III
Where the work happens
3 program services account for $23.0M of program spending, described in the organization's own filed words · FY2024.
01
Clean Energy Access
Clasp supports progress on sustainable development goal (SDG) 7 - affordable, reliable, sustainable and modern energy for all. Clasp helps build healthy markets for off-grid solar appliances and equipment by driving innovation and sales in early-stage product markets; surfacing data and research on product performance, market trends, and…
$14.1Mprogram expense
02
Climate
Clasp focuses on evidence-based pathways to mitigate the climate crisis and promote uptake of super-efficient technologies. Energy-efficient appliances are one of the most cost-effective methods for mitigating climate change.
$7.9Mprogram expense
03
Research
Clasp's research team spans climate and clean energy access and works to identify the most impactful and innovative opportunities to improve climate mitigation, adaptation, equity, and environmental justice and protection.
Christine Egan’s $388K as Chief Executive Officer
is at the 80th percentile of top reported officer pay among 324 $10–100M environment nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Christine Egan · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $388K · Total expenses $26.8M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7.0M · Total expenses $26.8M
26%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
90%
—
—
Overhead ratio
9%
—
—
Fundraising cost ratio
1%
—
—
Revenue growth
10%
—
—
Investment management fee ratio
0%
—
—
Legal fee ratio
1%
—
—
Accounting fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Want to add your own materials alongside these filings? Claim this org
Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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