Is Blueenergy Legit?

Quick charity verification for Blueenergy (EIN: 200448609)

Verdict: Blueenergy appears trustworthy

75/100Mission Score

$630KRevenue

$717KAssets

2Red Flags

3Strengths

Red Flags

Inconsistent revenue generation leading to significant operating deficits in multiple years (e.g., 2023: expenses $567,028 vs. revenue $316,956; 2021: expenses $496,042 vs. revenue $285,361).
Notable decrease in assets from $981,824 in 2020 to $535,765 in 2023, indicating a potential draw-down of reserves or asset revaluation.

Strengths

Consistent 0% officer compensation across all filings, demonstrating a strong commitment to mission-focused spending and transparency.
Significant growth in assets over the past decade, from $62,611 in 2017 to $716,568 currently, indicating long-term financial growth.
Generally low liabilities relative to assets, suggesting prudent financial management.

Spending Breakdown

How Blueenergy allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

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 Blueenergy

Is Blueenergy a legitimate charity?

Based on AI analysis of IRS 990 filings, Blueenergy (EIN: 200448609) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Blueenergy a good charity to donate to?

Blueenergy has a Mission Score of 75/100. Revenue: $630K. Assets: $717K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Blueenergy?

The Employer Identification Number (EIN) for Blueenergy is 200448609. 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 Blueenergy spend its money?

Blueenergy allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Blueenergy's tax-exempt status?

You can verify Blueenergy's tax-exempt status using EIN 200448609 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

Blueenergy demonstrates a fluctuating financial performance over the past several years. While the organization reported a latest revenue of $630,149 and assets of $716,568, its recent filings show periods of significant operating deficits, such as in 2023 where expenses ($567,028) substantially exceeded revenue ($316,956). This trend of expenses often outpacing revenue, as seen in 2023, 2021, 2017, and 2015, suggests potential challenges in maintaining consistent financial stability. However, the organization has also experienced strong revenue years, like 2020 ($1,135,282), indicating a capacity for significant fundraising. The consistent reporting of 0% officer compensation across all filings is a positive indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the absence of officer compensation suggests a lean operational structure at the top. The organization's asset growth, from $62,611 in 2017 to $716,568 currently, indicates a positive trend in building financial reserves, although there was a notable dip in assets from $981,824 in 2020 to $535,765 in 2023. The relatively low liabilities across most years also point to responsible financial management.

Overall, Blueenergy appears to be a transparent organization, particularly regarding executive compensation. Its financial health shows resilience despite periods of deficit spending, with a general upward trend in assets over the long term. However, the inconsistency in revenue generation and the occasional significant operating losses warrant closer monitoring to ensure long-term sustainability and program delivery.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.