Rewiring America

What it reported doing in 2024

Rewiring america, inc. And its affiliate rewiring community investment fund, inc. (rcif) advanced their mission to lower american's energy costs by accelerating energy efficiency upgrades and expanding consumer education and resources to support households looking to pursue those improvements; strengthening partnerships and collaboration with national, regional, and local community-based organizations; and developing programs and initiatives with manufacturers, distributors, and local contractors and installers to help lower upfront costs and energy bills for households.developed consumer education tools and resourcesthe organization and its affiliate rcif produced digital tools leveraged by over 200,000 household users, enabling homeowners to plan for energy efficiency upgrades while taking advantage of available public cost-reduction incentives and rebates. Those tools included an incentive calculator, a personal planner tool, and a savings identification tool. The organization and its affiliate rcif launched consumer engagement campaigns to connect residents with these tools, and administered nationally-available education and training through why electrify courses and workshops. Strengthened community-based and state partnerships the organization and its affiliate rcif delivered the coaches program, a free, four-week training and home energy efficiency upgrade program. The organization trained 990 coaches and enabled the creation of peer coaching groups.the organization partnered with local community organizations and workforce partners on philanthropically-supported community demonstration projects in five locations, supporting communities that had been left behind with home energy efficiency installations that can drive down ongoing costs through efficient appliances, weatherization, and other efficiency remediation upgrades.the organization provided free technical analyses to state and local governments to aid them in applying for funding to help their constituents access energy efficiency upgrades. Additionally, the organization provided free technical analyses to partner organizations in order to deliver lower energy bills for households through better designed utility programs and customer rates. Research and data analysisthe organization published multiple reports and educational tools, including a "machine counter" showing a real-time estimate of the number of modernized machines installed in american households, major research reports on the health benefits of upgraded homes and the jobs potential of widespread energy efficiency upgrades, as well as additional data, reports and fact sheets on the available incentives, and guides to home energy efficiency upgrades. Launched private sector partnerships to lower costs the organization and its affiliate rcif issued rfps and negotiated partnerships with both original equipment manufacturers to lower equipment and labor costs, and with financial institutions to design lending programs to make upgrades more affordable for american households. The organization facilitated industry collaboration through the launch of a working group dedicated to sourcing, structuring and maintaining a comprehensive, free and open data set of energy efficiency incentives and rebates available to households.

Financial Efficiency

• Mission deployment rate: 45.5%; rating input score 45
• Program expense ratio: 75.1%; rating input score 75
• Fundraising efficiency: $59.67 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 43rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 39.7%; rating input score 91; 91st percentile among comparable filings
• Total-asset coverage ratio: 0.77; rating input score 27; 27th percentile among comparable filings
• Liabilities to assets ratio: 0.16; rating input score 64; 64th percentile among comparable filings
• Officer compensation ratio: 6.5%; rating input score 39; 39th percentile among comparable filings

Growth

• Program expense growth: 193.8% per year; rating input score 100; 100th percentile among comparable filings
• Revenue growth: 200% per year; rating input score 100; 100th percentile among comparable filings
• Asset growth: 186.2% per year; rating input score 100; 100th percentile among comparable filings