Industrial Energy Consumer Group
Industrial Energy Consumer Group consistently operates at near break-even with no officer compensation.
EIN: 10408591 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $431K |
| Total Expenses | $426K |
| Program Spending | 85% |
| Net Assets | $57K |
| Transparency Score | 85/100 |
Is Industrial Energy Consumer Group Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Industrial Energy Consumer Group directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Industrial Energy Consumer Group
Industrial Energy Consumer Group (EIN: 10408591) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $431K and total assets of $221K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Industrial Energy Consumer Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Industrial Energy Consumer Group is a small nonprofit that has been operating for 28 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $455K |
| Total Expenses | $426K |
| Surplus / Deficit | +$29K |
| Total Assets | $57K |
| Net Assets | $57K |
| Operating Margin | 6.4% |
| Months of Reserves | 1.6 months |
Financial Health Grade: A
In 2023, Industrial Energy Consumer Group reported a surplus of $29K with revenue exceeding expenses, holds 1.6 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2010–2023), Industrial Energy Consumer Group's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.7% | -37.7% | +105.6% |
| 2022 | -11.0% | +5.3% | -62.5% |
| 2021 | -42.1% | -47.4% | +1018.9% |
| 2020 | -18.9% | -19.0% | +21.7% |
| 2019 | +51.0% | +50.8% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1998 |
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 Industrial Energy Consumer Group with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Industrial Energy Consumer Group allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure or that executive roles are not compensated, which is highly efficient for a nonprofit of its size.
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 Industrial Energy Consumer Group's IRS 990 filings:
- Significant revenue decline from $1.5M in 2019 to $454K in 2023
- Frequent operational deficits, such as $45,947 in 2022, indicating reliance on prior period assets or short-term funding.
Strengths
The following positive indicators were identified for Industrial Energy Consumer Group:
- Consistent 0% officer compensation, indicating highly efficient leadership costs.
- No reported liabilities across all 14 filing periods, demonstrating strong fiscal responsibility.
- Long history of consistent IRS 990 filings (14 filings), indicating transparency and compliance.
- Operates with a lean financial model, directing most funds to current activities rather than accumulating large reserves.
Frequently Asked Questions about Industrial Energy Consumer Group
Is Industrial Energy Consumer Group a legitimate charity?
Industrial Energy Consumer Group (EIN: 10408591) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $431K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Industrial Energy Consumer Group spend its money?
Industrial Energy Consumer Group directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Industrial Energy Consumer Group tax-deductible?
Industrial Energy Consumer Group is registered as a tax-exempt nonprofit (EIN: 10408591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Industrial Energy Consumer Group's spending goes to programs?
Industrial Energy Consumer Group directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Industrial Energy Consumer Group located?
Industrial Energy Consumer Group is headquartered in Augusta, Maine and files with the IRS under EIN 10408591.
How many years of IRS 990 filings does Industrial Energy Consumer Group have?
Industrial Energy Consumer Group has 14 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 $431K in total revenue.
How does the organization sustain operations with minimal assets?
The Industrial Energy Consumer Group sustains operations by spending nearly all its revenue each year, often operating at a near break-even point or with slight deficits, as seen in 2022 where expenses exceeded revenue by over $45,000. This indicates a 'pay-as-you-go' model rather than relying on substantial reserves.
What are the primary expenses for the organization?
While specific expense categories are not detailed in the provided data, the consistent high expense levels relative to revenue suggest that the majority of funds are directed towards operational costs and activities related to its mission, given the absence of officer compensation and liabilities.
Is the lack of officer compensation sustainable?
The consistent reporting of 0% officer compensation over 14 years suggests a sustainable model for this organization, likely relying on dedicated volunteers or pro-bono leadership. This significantly reduces overhead and allows more funds to be directed to its activities.
What caused the significant revenue fluctuations between 2019 and 2023?
Revenue peaked at $1,525,003 in 2019 and then steadily declined to $454,852 by 2023. This significant fluctuation could be due to changes in membership dues, grant funding cycles, or the economic conditions affecting the industrial energy sector it represents.
Filing History
IRS 990 filing history for Industrial Energy Consumer Group showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Industrial Energy Consumer Group's revenue has grown by 25.1%, moving from $364K to $455K. Total assets increased by 628.9% over the same period, from $8K to $57K. Total functional expenses rose by 10.6%, from $385K to $426K. In its most recent filing year (2023), Industrial Energy Consumer Group reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $455K | $426K | $57K | $0 | — | — |
| 2022 | $638K | $684K | $28K | $0 | — | View 990 |
| 2021 | $716K | $649K | $73K | $0 | — | View 990 |
| 2020 | $1.2M | $1.2M | $7K | $0 | — | View 990 |
| 2019 | $1.5M | $1.5M | $5K | $0 | — | View 990 |
| 2018 | $1.0M | $1.0M | $5K | $0 | — | View 990 |
| 2017 | $459K | $461K | $6K | $0 | — | View 990 |
| 2016 | $411K | $413K | $8K | $0 | — | View 990 |
| 2015 | $640K | $649K | $10K | $0 | — | View 990 |
| 2014 | $681K | $695K | $18K | $0 | — | View 990 |
| 2013 | $600K | $597K | $33K | $0 | — | View 990 |
| 2012 | $615K | $591K | $30K | $0 | — | View 990 |
| 2011 | $470K | $472K | $6K | $0 | — | View 990 |
| 2010 | $364K | $385K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $455K, expenses of $426K, and assets of $57K (revenue -28.7% year-over-year).
- 2022: Revenue of $638K, expenses of $684K, and assets of $28K (revenue -11.0% year-over-year).
- 2021: Revenue of $716K, expenses of $649K, and assets of $73K (revenue -42.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $7K (revenue -18.9% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $5K (revenue +51.0% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $5K (revenue +120.1% year-over-year).
- 2017: Revenue of $459K, expenses of $461K, and assets of $6K (revenue +11.7% year-over-year).
- 2016: Revenue of $411K, expenses of $413K, and assets of $8K (revenue -35.8% year-over-year).
- 2015: Revenue of $640K, expenses of $649K, and assets of $10K (revenue -5.9% year-over-year).
- 2014: Revenue of $681K, expenses of $695K, and assets of $18K (revenue +13.4% year-over-year).
- 2013: Revenue of $600K, expenses of $597K, and assets of $33K (revenue -2.5% year-over-year).
- 2012: Revenue of $615K, expenses of $591K, and assets of $30K (revenue +31.0% year-over-year).
- 2011: Revenue of $470K, expenses of $472K, and assets of $6K (revenue +29.2% year-over-year).
- 2010: Revenue of $364K, expenses of $385K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Industrial Energy Consumer Group:
Data Sources and Methodology
This transparency report for Industrial Energy Consumer Group 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.