Independent Power Producers Of New York Inc
Advocacy Group Shows Consistent Financials, Low Program Spending
EIN: 222730643 · Albany, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.0M |
| Program Spending | 47% |
| Net Assets | $1.2M |
| Transparency Score | 65/100 |
Is Independent Power Producers Of New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Power Producers Of New York Inc directs 47% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Independent Power Producers Of New York Inc
Independent Power Producers Of New York Inc (EIN: 222730643) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $2.7M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Power Producers Of New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Power Producers Of New York Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-68,250 |
| Total Assets | $2.2M |
| Total Liabilities | $951K |
| Net Assets | $1.2M |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 44.1% |
| Months of Reserves | 12.8 months |
Financial Health Grade: B
In 2023, Independent Power Producers Of New York Inc reported a deficit of $68K with expenses exceeding revenue, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 44.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Independent Power Producers Of New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +0.6% | -1.1% |
| 2022 | +1.0% | +9.8% | -7.7% |
| 2021 | -1.1% | +5.3% | +9.0% |
| 2020 | -1.0% | -4.7% | +5.8% |
| 2019 | +8.2% | +12.9% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Independent Power Producers Of New York Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 47%
- fundraising: 23%
According to IRS 990 filings, Independent Power Producers Of New York Inc allocates its expenses as follows: admin: 30%, programs: 47%, fundraising: 23%. Only 47% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on individual salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Independent Power Producers Of New York Inc's IRS 990 filings:
- Program spending consistently hovers around 47% of total expenses, which could be considered low for a nonprofit.
- Administrative and fundraising costs combined represent a significant portion (53%) of total expenses.
Strengths
The following positive indicators were identified for Independent Power Producers Of New York Inc:
- The organization demonstrates consistent revenue generation over several years, indicating stable operations.
- Assets have remained relatively stable, suggesting sound financial management.
- The organization consistently maintains a positive net income, avoiding deficits.
Frequently Asked Questions about Independent Power Producers Of New York Inc
Is Independent Power Producers Of New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Power Producers Of New York Inc (EIN: 222730643) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Independent Power Producers Of New York Inc spend its money?
Independent Power Producers Of New York Inc directs 47% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Independent Power Producers Of New York Inc tax-deductible?
Independent Power Producers Of New York Inc is registered as a tax-exempt nonprofit (EIN: 222730643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Independent Power Producers Of New York Inc's spending goes to programs?
Independent Power Producers Of New York Inc directs 47% to programs, 23% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Independent Power Producers Of New York Inc located?
Independent Power Producers Of New York Inc is headquartered in Albany, New York and files with the IRS under EIN 222730643.
How many years of IRS 990 filings does Independent Power Producers Of New York Inc have?
Independent Power Producers Of New York Inc has 13 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 $2.7M in total revenue.
What does Independent Power Producers Of New York Inc do?
Independent Power Producers Of New York Inc is a nonprofit organization in the Unknown sector, located in Albany, New York. It is classified under NTEE code Unknown.
How much revenue does Independent Power Producers Of New York Inc have?
Independent Power Producers Of New York Inc reported total revenue of $2,694,373. Based on 13 IRS 990 filings on record.
What are Independent Power Producers Of New York Inc's total assets?
Independent Power Producers Of New York Inc holds total assets of $2,518,678 as reported in IRS 990 filings.
Where is Independent Power Producers Of New York Inc located?
Independent Power Producers Of New York Inc is based in Albany, New York.
What is Independent Power Producers Of New York Inc's EIN?
Independent Power Producers Of New York Inc's Employer Identification Number (EIN) is 222730643. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Independent Power Producers Of New York Inc?
Independent Power Producers Of New York Inc is classified under NTEE code Unknown (Unknown).
Is Independent Power Producers Of New York Inc a registered 501(c)(3)?
Independent Power Producers Of New York Inc appears in IRS records (EIN: 222730643). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Independent Power Producers Of New York Inc file IRS Form 990?
Yes, Independent Power Producers Of New York Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Independent Power Producers Of New York Inc's revenue in 2023?
In the 202312 filing period, Independent Power Producers Of New York Inc reported total revenue of $1,961,044, total expenses of $2,029,294, and net assets of $2,156,445.
Is Independent Power Producers Of New York Inc's revenue growing or declining?
Independent Power Producers Of New York Inc's revenue is relatively stable. Revenue went from $1,895,410 (202212) to $1,961,044 (202312), a +3.5% change. Based on 13 filings on record.
What is Independent Power Producers Of New York Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Independent Power Producers Of New York Inc covers tax period 202312. It shows revenue of $1,961,044, expenses of $2,029,294, total assets of $2,156,445, and liabilities of $950,810.
How much does Independent Power Producers Of New York Inc spend on programs vs administration?
Based on IRS 990 analysis, Independent Power Producers Of New York Inc allocates approximately 47% of expenses to program services, 30% to administrative costs, and 23% to fundraising. Overhead costs appear high relative to program spending.
Is Independent Power Producers Of New York Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Independent Power Producers Of New York Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Independent Power Producers Of New York Inc?
The following concerns were identified: Program spending consistently hovers around 47% of total expenses, which could be considered low for a nonprofit.. Administrative and fundraising costs combined represent a significant portion (53%) of total expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Independent Power Producers Of New York Inc's strengths?
Positive indicators for Independent Power Producers Of New York Inc include: The organization demonstrates consistent revenue generation over several years, indicating stable operations.. Assets have remained relatively stable, suggesting sound financial management.. The organization consistently maintains a positive net income, avoiding deficits.. These findings are derived from AI analysis of the organization's financial filings.
How does Independent Power Producers Of New York Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the organization's name 'Independent Power Producers Of New York Inc' and its consistent 0% lobbying expense, how does it achieve its advocacy goals?
While direct lobbying expenses are reported as 0%, the organization likely engages in other forms of advocacy such as public education, research, policy analysis, or coalition building, which would be categorized under program or administrative expenses rather than direct lobbying.
Filing History
IRS 990 filing history for Independent Power Producers Of New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Power Producers Of New York Inc's revenue has grown by 41.1%, moving from $1.4M to $2.0M. Total assets increased by 39.9% over the same period, from $1.5M to $2.2M. Total functional expenses rose by 44.6%, from $1.4M to $2.0M. In its most recent filing year (2023), Independent Power Producers Of New York Inc reported a deficit of $68K, with expenses exceeding revenue. The organization holds $951K in liabilities against $2.2M in assets (debt-to-asset ratio: 44.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.0M | $2.2M | $951K | — | — |
| 2022 | $1.9M | $2.0M | $2.2M | $979K | — | View 990 |
| 2021 | $1.9M | $1.8M | $2.4M | $847K | — | View 990 |
| 2020 | $1.9M | $1.7M | $2.2M | $723K | — | — |
| 2019 | $1.9M | $1.8M | $2.0M | $810K | — | View 990 |
| 2018 | $1.8M | $1.6M | $2.0M | $945K | — | View 990 |
| 2017 | $1.6M | $1.6M | $1.7M | $738K | — | View 990 |
| 2016 | $1.7M | $1.6M | $1.5M | $605K | — | View 990 |
| 2015 | $1.7M | $1.7M | $1.3M | $609K | — | View 990 |
| 2014 | $1.6M | $1.6M | $1.3M | $603K | — | View 990 |
| 2013 | $1.7M | $1.8M | $1.5M | $700K | — | View 990 |
| 2012 | $1.7M | $1.6M | $1.6M | $705K | — | View 990 |
| 2011 | $1.4M | $1.4M | $1.5M | $702K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.0M, and assets of $2.2M (revenue +3.5% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.0M, and assets of $2.2M (revenue +1.0% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.8M, and assets of $2.4M (revenue -1.1% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.7M, and assets of $2.2M (revenue -1.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $2.0M (revenue +8.2% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.6M, and assets of $2.0M (revenue +8.9% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $1.7M (revenue -5.7% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $1.5M (revenue -1.2% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $1.3M (revenue +12.2% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $1.3M (revenue -9.7% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.8M, and assets of $1.5M (revenue +2.6% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.6M, and assets of $1.6M (revenue +21.0% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Power Producers Of New York Inc:
Data Sources and Methodology
This transparency report for Independent Power Producers Of New York Inc 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.