Is Association For Energy Affordability Inc Legit?
Quick charity verification for Association For Energy Affordability Inc (EIN: 133374285)
Verdict: Association For Energy Affordability Inc appears trustworthy
90/100Mission Score
$28.5MRevenue
$25.5MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation for an organization of this size could indicate compensation is reported in other categories, potentially obscuring true executive pay.
Strengths
Strong financial growth with revenues increasing from $12.9M in 2020 to $27.6M in 2023.
Significant asset growth from $7.5M in 2020 to $27.5M in 2023, indicating financial stability.
Consistent reporting of 0% officer compensation, suggesting a strong focus on mission and efficient use of funds.
Expenses are consistently close to revenues, indicating efficient management of resources (e.g., $27.6M revenue vs. $27.1M expenses in 2023).
Spending Breakdown
How Association For Energy Affordability Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Association For Energy Affordability Inc
Is Association For Energy Affordability Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Association For Energy Affordability Inc (EIN: 133374285) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Association For Energy Affordability Inc a good charity to donate to?
Association For Energy Affordability Inc has a Mission Score of 90/100. Revenue: $28.5M. Assets: $25.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Association For Energy Affordability Inc?
The Employer Identification Number (EIN) for Association For Energy Affordability Inc is 133374285. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Association For Energy Affordability Inc spend its money?
Association For Energy Affordability Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Association For Energy Affordability Inc's tax-exempt status?
You can verify Association For Energy Affordability Inc's tax-exempt status using EIN 133374285 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Association For Energy Affordability Inc demonstrates strong financial health and a commendable commitment to its program services. Over the past three years, the organization has consistently reported significant revenues, reaching $27,611,484 in 2023, with expenses closely managed at $27,127,343, indicating efficient operations. The organization has also shown substantial asset growth, from $8,796,586 in 2021 to $27,528,703 in 2023, which suggests a robust financial position and capacity for future initiatives.
Spending efficiency appears high, with a significant portion of expenses directed towards program services. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of financial transparency and a focus on mission over executive pay. This practice aligns well with best practices for nonprofit accountability.
Overall, the Association For Energy Affordability Inc exhibits a healthy financial trajectory, strong program focus, and excellent transparency regarding executive compensation. Their ability to manage increasing revenues and expenses while growing assets points to sound financial management and a sustainable operational model.