Berkshire Hathaway Energy Foundation
EIN: 473577741 · Des Moines, IA
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $2.5M |
| Net Assets | $69.4M |
Is Berkshire Hathaway Energy Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Berkshire Hathaway Energy Foundation
Berkshire Hathaway Energy Foundation (EIN: 473577741) is a nonprofit organization based in Des Moines, IA. The organization reported total revenue of $5.9M and total assets of $79.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Berkshire Hathaway Energy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Berkshire Hathaway Energy Foundation is a mid-size nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 527.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-129,968 |
| Total Assets | $71.9M |
| Total Liabilities | $2.5M |
| Net Assets | $69.4M |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 342.1 months |
Financial Health Grade: B
In 2023, Berkshire Hathaway Energy Foundation reported a deficit of $130K with expenses exceeding revenue, holds 342.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 7 years of filings (2015–2023), Berkshire Hathaway Energy Foundation's revenue has grown at a compound annual growth rate (CAGR) of 527.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -79.3% | -53.2% | +11.3% |
| 2022 | +246.0% | +97.2% | -8.2% |
| 2021 | -80.6% | -56.8% | +9.5% |
| 2020 | +226.6% | +738.9% | +41.3% |
| 2019 | -49.1% | -45.8% | +26.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Berkshire Hathaway Energy Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Berkshire Hathaway Energy Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $130K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.5%.
Frequently Asked Questions about Berkshire Hathaway Energy Foundation
Is Berkshire Hathaway Energy Foundation a legitimate charity?
Berkshire Hathaway Energy Foundation (EIN: 473577741) is a registered tax-exempt nonprofit based in Iowa. It has 7 years of IRS 990 filings on record. Total revenue: $5.9M. No red flags identified. Financial health grade: B.
How does Berkshire Hathaway Energy Foundation spend its money?
Berkshire Hathaway Energy Foundation reported $5.9M in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Berkshire Hathaway Energy Foundation tax-deductible?
Berkshire Hathaway Energy Foundation is registered as a tax-exempt nonprofit (EIN: 473577741). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Berkshire Hathaway Energy Foundation located?
Berkshire Hathaway Energy Foundation is headquartered in Des Moines, Iowa and files with the IRS under EIN 473577741.
How many years of IRS 990 filings does Berkshire Hathaway Energy Foundation have?
Berkshire Hathaway Energy Foundation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.9M in total revenue.
Filing History
IRS 990 filing history for Berkshire Hathaway Energy Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2023), Berkshire Hathaway Energy Foundation's revenue has grown by 239204800%, moving from $1 to $2.4M. Total assets increased by 7189338000% over the same period, from $1 to $71.9M. In its most recent filing year (2023), Berkshire Hathaway Energy Foundation reported a deficit of $130K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $71.9M in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $69.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.5M | $71.9M | $2.5M | — | — |
| 2022 | $11.6M | $5.4M | $64.6M | $4 | — | View 990 |
| 2021 | $3.3M | $2.7M | $70.4M | $3 | — | View 990 |
| 2020 | $17.2M | $6.3M | $64.2M | $4.0M | — | View 990 |
| 2019 | $5.3M | $754K | $45.5M | $0 | — | View 990 |
| 2018 | $10.4M | $1.4M | $35.9M | $500K | — | View 990 |
| 2015 | $1 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.5M, and assets of $71.9M (revenue -79.3% year-over-year).
- 2022: Revenue of $11.6M, expenses of $5.4M, and assets of $64.6M (revenue +246.0% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.7M, and assets of $70.4M (revenue -80.6% year-over-year).
- 2020: Revenue of $17.2M, expenses of $6.3M, and assets of $64.2M (revenue +226.6% year-over-year).
- 2019: Revenue of $5.3M, expenses of $754K, and assets of $45.5M (revenue -49.1% year-over-year).
- 2018: Revenue of $10.4M, expenses of $1.4M, and assets of $35.9M (revenue +1038237000.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Berkshire Hathaway Energy Foundation:
Data Sources and Methodology
This transparency report for Berkshire Hathaway Energy Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.