National Energy Foundation Inc
National Energy Foundation Inc shows consistent revenue growth and strong asset accumulation with zero reported officer compensation.
EIN: 132877240 · Murray, UT · NTEE: C600 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.8M |
| Total Expenses | $13.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $13 |
| Net Assets | $8.2M |
| Transparency Score | 92/100 |
Is National Energy Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Energy Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Energy Foundation Inc
National Energy Foundation Inc (EIN: 132877240) is a nonprofit organization based in Murray, UT, classified under NTEE code C600. The organization reported total revenue of $13.8M and total assets of $10.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Energy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Energy Foundation Inc is a large nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.5M |
| Total Expenses | $13.2M |
| Surplus / Deficit | +$261K |
| Total Assets | $10.3M |
| Total Liabilities | $2.1M |
| Net Assets | $8.2M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 20.3% |
| Months of Reserves | 9.4 months |
Financial Health Grade: A
In 2023, National Energy Foundation Inc reported a surplus of $261K with revenue exceeding expenses, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 20.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Energy Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.4% | +13.9% | +0.5% |
| 2022 | +16.0% | +26.3% | +20.9% |
| 2021 | +44.7% | +16.7% | +22.9% |
| 2020 | -22.1% | -13.6% | +7.2% |
| 2019 | +16.5% | +13.1% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
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 National Energy Foundation Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, National Energy Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $261K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size (over $13 million in revenue). This suggests either a fully volunteer leadership or that compensation is reported under other expense categories, though the direct 'Officer Comp' line is consistently zero. This practice, while potentially maximizing program spending, warrants further inquiry for complete transparency regarding leadership remuneration.
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 National Energy Foundation Inc's IRS 990 filings:
- Zero reported officer compensation may obscure how leadership is compensated or sustained, warranting further investigation for full transparency.
Strengths
The following positive indicators were identified for National Energy Foundation Inc:
- Consistent revenue growth from $7.7M in 2014 to $13.4M in 2023.
- Strong asset accumulation, growing from $4M in 2014 to $10.3M in 2023.
- Consistently operates with a financial surplus, indicating sound fiscal management.
- Zero reported officer compensation across all filings, suggesting high program efficiency.
- Excellent transparency with 13 years of publicly available IRS 990 filings.
Frequently Asked Questions about National Energy Foundation Inc
Is National Energy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, National Energy Foundation Inc (EIN: 132877240) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does National Energy Foundation Inc spend its money?
National Energy Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Energy Foundation Inc tax-deductible?
National Energy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132877240). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the National Energy Foundation Inc CEO make?
National Energy Foundation Inc's highest-compensated officer earns $13 annually. The organization reported $13.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of National Energy Foundation Inc's spending goes to programs?
National Energy Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does National Energy Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), National Energy Foundation Inc is above average for NTEE category C600 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Energy Foundation Inc located?
National Energy Foundation Inc is headquartered in Murray, Utah and files with the IRS under EIN 132877240. It is classified under NTEE code C600.
How many years of IRS 990 filings does National Energy Foundation Inc have?
National Energy Foundation 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 $13.8M in total revenue.
Is National Energy Foundation Inc a good charity?
Based on the available financial data, the National Energy Foundation Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth, and a remarkable commitment to directing funds towards its mission, evidenced by zero reported officer compensation and a healthy surplus.
How has the organization's revenue grown over time?
The organization has shown significant revenue growth, increasing from $7,700,131 in 2014 to $13,465,350 in 2023, representing an increase of over 74% in less than a decade.
What is the organization's asset-to-liability ratio?
In 2023, the organization had assets of $10,348,588 and liabilities of $2,103,980, resulting in an asset-to-liability ratio of approximately 4.9:1, indicating a very strong financial position.
How does the organization manage its expenses relative to revenue?
The National Energy Foundation Inc consistently manages its expenses below its revenue, leading to a surplus in most years. For example, in 2023, revenue was $13,465,350 and expenses were $13,204,333, resulting in a surplus of $261,017.
Filing History
IRS 990 filing history for National Energy Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Energy Foundation Inc's revenue has grown by 169.4%, moving from $5.0M to $13.5M. Total assets increased by 294.3% over the same period, from $2.6M to $10.3M. Total functional expenses rose by 210.2%, from $4.3M to $13.2M. In its most recent filing year (2023), National Energy Foundation Inc reported a surplus of $261K, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $10.3M in assets (debt-to-asset ratio: 20.3%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.5M | $13.2M | $10.3M | $2.1M | — | — |
| 2022 | $12.8M | $11.6M | $10.3M | $2.4M | — | View 990 |
| 2021 | $11.0M | $9.2M | $8.5M | $1.6M | — | View 990 |
| 2020 | $7.6M | $7.9M | $6.9M | $2.0M | — | View 990 |
| 2019 | $9.8M | $9.1M | $6.5M | $1.3M | — | View 990 |
| 2018 | $8.4M | $8.1M | $6.1M | $1.5M | — | View 990 |
| 2017 | $7.5M | $7.3M | $5.4M | $1.1M | — | View 990 |
| 2016 | $7.7M | $7.2M | $4.8M | $756K | — | View 990 |
| 2015 | $7.8M | $7.5M | $4.0M | $504K | — | View 990 |
| 2014 | $7.7M | $7.0M | $4.0M | $702K | — | View 990 |
| 2013 | $6.0M | $5.9M | $3.5M | $996K | — | View 990 |
| 2012 | $6.5M | $5.6M | $3.4M | $1.0M | — | View 990 |
| 2011 | $5.0M | $4.3M | $2.6M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.5M, expenses of $13.2M, and assets of $10.3M (revenue +5.4% year-over-year).
- 2022: Revenue of $12.8M, expenses of $11.6M, and assets of $10.3M (revenue +16.0% year-over-year).
- 2021: Revenue of $11.0M, expenses of $9.2M, and assets of $8.5M (revenue +44.7% year-over-year).
- 2020: Revenue of $7.6M, expenses of $7.9M, and assets of $6.9M (revenue -22.1% year-over-year).
- 2019: Revenue of $9.8M, expenses of $9.1M, and assets of $6.5M (revenue +16.5% year-over-year).
- 2018: Revenue of $8.4M, expenses of $8.1M, and assets of $6.1M (revenue +12.2% year-over-year).
- 2017: Revenue of $7.5M, expenses of $7.3M, and assets of $5.4M (revenue -2.8% year-over-year).
- 2016: Revenue of $7.7M, expenses of $7.2M, and assets of $4.8M (revenue -1.5% year-over-year).
- 2015: Revenue of $7.8M, expenses of $7.5M, and assets of $4.0M (revenue +1.3% year-over-year).
- 2014: Revenue of $7.7M, expenses of $7.0M, and assets of $4.0M (revenue +28.0% year-over-year).
- 2013: Revenue of $6.0M, expenses of $5.9M, and assets of $3.5M (revenue -8.1% year-over-year).
- 2012: Revenue of $6.5M, expenses of $5.6M, and assets of $3.4M (revenue +31.0% year-over-year).
- 2011: Revenue of $5.0M, expenses of $4.3M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Energy Foundation Inc:
Data Sources and Methodology
This transparency report for National Energy Foundation 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.