Is Peer Inc Legit?

Red Flags

Liabilities exceeding assets in recent years (e.g., 2023: $60,682 liabilities vs. $34,705 assets)
Low asset base relative to annual operating expenses, indicating limited reserves
Consistent 0% officer compensation, which can sometimes mask compensation through other means or indicate an unsustainable reliance on unpaid leadership for an organization of this size.

Spending Breakdown

How Peer Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Peer Inc

Is Peer Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Peer Inc (EIN: 201029943) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Peer Inc a good charity to donate to?

Peer Inc has a Mission Score of 70/100. Revenue: $372K. Assets: $4K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Peer Inc?

The Employer Identification Number (EIN) for Peer Inc is 201029943. 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 Peer Inc spend its money?

Peer Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Peer Inc's tax-exempt status?

You can verify Peer Inc's tax-exempt status using EIN 201029943 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

Peer Inc. demonstrates a consistent operational pattern, with revenues generally covering expenses, as seen in 2023 where revenue was $399,623 against expenses of $399,545. However, the organization's financial health shows some volatility, particularly with its assets. While assets reached $34,705 in 2023, they were significantly lower at $10,391 in 2022 and $2,669 in 2020, indicating a lack of substantial reserves relative to its annual operating budget. The organization's liabilities have also fluctuated, reaching $60,682 in 2023, which exceeded its assets for that year, suggesting potential liquidity challenges.

The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a lean operational structure at the executive level, which is a positive indicator for donor confidence. The organization's revenue has shown growth over the years, from $80,690 in 2017 to $399,623 in 2023, indicating an expanding operational scope.

In terms of transparency, the organization has a robust filing history with 13 IRS 990 filings, demonstrating a commitment to public disclosure. The consistent reporting of 0% officer compensation is a strong point for transparency regarding executive pay. However, the lack of detailed expense breakdowns in the provided data limits a deeper analysis of how funds are allocated across programs, administration, and fundraising, which would further enhance transparency.

Verdict: Peer Inc appears trustworthy