Fairewinds Energy Education Corp
EIN: 262920540 · Charleston, SC · NTEE: W24
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $48K |
| Net Assets | $-49,013 |
Is Fairewinds Energy Education Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fairewinds Energy Education Corp
Fairewinds Energy Education Corp (EIN: 262920540) is a nonprofit organization based in Charleston, SC, classified under NTEE code W24. The organization reported total revenue of $26K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairewinds Energy Education Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairewinds Energy Education Corp is a micro nonprofit that has been operating for 18 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of -18.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $48K |
| Surplus / Deficit | $-22,824 |
| Total Assets | $2K |
| Total Liabilities | $51K |
| Net Assets | $-49,013 |
| Operating Margin | -88.9% |
| Debt-to-Asset Ratio | 2072.4% |
| Months of Reserves | 0.6 months |
Financial Health Grade: D
In 2022, Fairewinds Energy Education Corp reported a deficit of $23K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 2072.4% (high leverage).
Financial Trends
Over 11 years of filings (2012–2022), Fairewinds Energy Education Corp's revenue has declined at a compound annual growth rate (CAGR) of -18.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -59.6% | -36.7% | -90.3% |
| 2021 | -0.9% | -25.1% | +19.5% |
| 2020 | -31.4% | +0.2% | -47.9% |
| 2019 | +537.6% | +20.9% | -17.0% |
| 2018 | -92.2% | -38.6% | -55.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fairewinds Energy Education Corp 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 Fairewinds Energy Education Corp 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2072.4%.
Frequently Asked Questions about Fairewinds Energy Education Corp
Is Fairewinds Energy Education Corp a legitimate charity?
Fairewinds Energy Education Corp (EIN: 262920540) is a registered tax-exempt nonprofit based in South Carolina. It has 11 years of IRS 990 filings on record. Total revenue: $26K. No red flags identified. Financial health grade: D.
How does Fairewinds Energy Education Corp spend its money?
Fairewinds Energy Education Corp reported $26K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fairewinds Energy Education Corp tax-deductible?
Fairewinds Energy Education Corp is registered as a tax-exempt nonprofit (EIN: 262920540). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fairewinds Energy Education Corp located?
Fairewinds Energy Education Corp is headquartered in Charleston, South Carolina and files with the IRS under EIN 262920540. It is classified under NTEE code W24.
How many years of IRS 990 filings does Fairewinds Energy Education Corp have?
Fairewinds Energy Education Corp has 11 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 $26K in total revenue.
Filing History
IRS 990 filing history for Fairewinds Energy Education Corp showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Fairewinds Energy Education Corp's revenue has declined by 87.1%, moving from $198K to $26K. Total assets decreased by 98.5% over the same period, from $165K to $2K. Total functional expenses fell by 27.3%, from $67K to $48K. In its most recent filing year (2022), Fairewinds Energy Education Corp reported a deficit of $23K, with expenses exceeding revenue. The organization holds $51K in liabilities against $2K in assets (debt-to-asset ratio: 2072.4%), resulting in net assets of $-49,013.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $26K | $48K | $2K | $51K | — | View 990 |
| 2021 | $63K | $77K | $26K | $52K | — | View 990 |
| 2020 | $64K | $102K | $22K | $35K | — | — |
| 2019 | $93K | $102K | $41K | $16K | — | View 990 |
| 2018 | $15K | $84K | $50K | $16K | — | View 990 |
| 2017 | $188K | $137K | $112K | $8K | — | View 990 |
| 2016 | $89K | $208K | $59K | $7K | — | View 990 |
| 2015 | $228K | $200K | $180K | $8K | — | View 990 |
| 2014 | $289K | $304K | $163K | $19K | — | View 990 |
| 2013 | $164K | $166K | $173K | $14K | — | View 990 |
| 2012 | $198K | $67K | $165K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $26K, expenses of $48K, and assets of $2K (revenue -59.6% year-over-year).
- 2021: Revenue of $63K, expenses of $77K, and assets of $26K (revenue -0.9% year-over-year).
- 2020: Revenue of $64K, expenses of $102K, and assets of $22K (revenue -31.4% year-over-year).
- 2019: Revenue of $93K, expenses of $102K, and assets of $41K (revenue +537.6% year-over-year).
- 2018: Revenue of $15K, expenses of $84K, and assets of $50K (revenue -92.2% year-over-year).
- 2017: Revenue of $188K, expenses of $137K, and assets of $112K (revenue +111.7% year-over-year).
- 2016: Revenue of $89K, expenses of $208K, and assets of $59K (revenue -60.9% year-over-year).
- 2015: Revenue of $228K, expenses of $200K, and assets of $180K (revenue -21.1% year-over-year).
- 2014: Revenue of $289K, expenses of $304K, and assets of $163K (revenue +76.1% year-over-year).
- 2013: Revenue of $164K, expenses of $166K, and assets of $173K (revenue -17.4% year-over-year).
- 2012: Revenue of $198K, expenses of $67K, and assets of $165K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fairewinds Energy Education Corp:
Data Sources and Methodology
This transparency report for Fairewinds Energy Education Corp 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.