New Energy Economy Inc
New Energy Economy Inc. shows recent revenue growth and zero reported officer compensation across all filings.
EIN: 202845513 · Santa Fe, NM · NTEE: C35 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $880K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $411K |
| Transparency Score | 85/100 |
Is New Energy Economy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Energy Economy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Energy Economy Inc
New Energy Economy Inc (EIN: 202845513) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code C35. The organization reported total revenue of $1.1M and total assets of $930K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Energy Economy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Energy Economy Inc is a mid-size nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $880K |
| Surplus / Deficit | +$125K |
| Total Assets | $661K |
| Total Liabilities | $250K |
| Net Assets | $411K |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 37.8% |
| Months of Reserves | 9.0 months |
Financial Health Grade: A
In 2023, New Energy Economy Inc reported a surplus of $125K with revenue exceeding expenses, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 37.8% (moderate leverage).
Financial Trends
Over 11 years of filings (2011–2023), New Energy Economy Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +69.4% | +22.4% | +29.2% |
| 2022 | -20.1% | +56.7% | -17.9% |
| 2021 | +19.0% | -43.7% | +195.3% |
| 2018 | -2.9% | +17.8% | -46.4% |
| 2017 | +9.6% | +6.6% | -11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 New Energy Economy Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, New Energy Economy Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $125K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.8%.
Executive Compensation Analysis
New Energy Economy Inc. consistently reports $0 in officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a strong commitment to directing financial resources towards its mission rather than executive pay, especially for an organization with over $1 million in latest revenue.
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 New Energy Economy Inc's IRS 990 filings:
- Periods of deficit spending (e.g., 202212 expenses $719,044 vs. revenue $593,247; 201812 expenses $815,614 vs. revenue $623,537)
Strengths
The following positive indicators were identified for New Energy Economy Inc:
- Consistent reporting of $0 officer compensation across all filings
- Recent significant revenue growth to $1,129,198
- Healthy asset base of $930,044
- Positive net asset position in latest detailed filing (202312)
Frequently Asked Questions about New Energy Economy Inc
Is New Energy Economy Inc a legitimate charity?
New Energy Economy Inc (EIN: 202845513) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does New Energy Economy Inc spend its money?
New Energy Economy Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Energy Economy Inc tax-deductible?
New Energy Economy Inc is registered as a tax-exempt nonprofit (EIN: 202845513). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Energy Economy Inc CEO make?
New Energy Economy Inc's highest-compensated officer earns $0 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Energy Economy Inc's spending goes to programs?
New Energy Economy Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Energy Economy Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Energy Economy Inc is above average for NTEE category C35 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Energy Economy Inc located?
New Energy Economy Inc is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 202845513. It is classified under NTEE code C35.
How many years of IRS 990 filings does New Energy Economy Inc have?
New Energy Economy Inc 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 $1.1M in total revenue.
Is New Energy Economy Inc. financially stable?
Yes, the organization appears financially stable, with recent revenue growth to $1,129,198 and assets of $930,044. While there have been periods of deficit spending, such as in 202212, the latest filing (202312) shows a positive net asset position.
Does New Energy Economy Inc. pay its executives?
No, New Energy Economy Inc. consistently reports $0 in officer compensation across all available IRS 990 filings, indicating no salaries are paid to its officers.
How has New Energy Economy Inc.'s revenue trended over time?
Revenue has fluctuated but shows an upward trend, with the latest reported revenue at $1,129,198, significantly higher than earlier periods like $495,208 in 201312, despite some dips in between.
What is the organization's asset-to-liability ratio?
In the latest detailed filing (202312), assets were $661,185 and liabilities were $250,109, indicating a healthy ratio where assets significantly exceed liabilities.
Filing History
IRS 990 filing history for New Energy Economy Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), New Energy Economy Inc's revenue has grown by 265.6%, moving from $275K to $1.0M. Total assets increased by 175.9% over the same period, from $240K to $661K. Total functional expenses rose by 347.5%, from $197K to $880K. In its most recent filing year (2023), New Energy Economy Inc reported a surplus of $125K, with revenue exceeding expenses. The organization holds $250K in liabilities against $661K in assets (debt-to-asset ratio: 37.8%), resulting in net assets of $411K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $880K | $661K | $250K | — | — |
| 2022 | $593K | $719K | $512K | $55K | — | View 990 |
| 2021 | $742K | $459K | $623K | $40K | — | View 990 |
| 2018 | $624K | $816K | $211K | $26K | — | View 990 |
| 2017 | $642K | $692K | $393K | $16K | — | View 990 |
| 2016 | $586K | $650K | $442K | $15K | — | View 990 |
| 2015 | $736K | $527K | $493K | $2K | — | View 990 |
| 2014 | $618K | $634K | $284K | $3K | — | View 990 |
| 2013 | $495K | $386K | $305K | $8K | — | View 990 |
| 2012 | $519K | $568K | $192K | $5K | — | View 990 |
| 2011 | $275K | $197K | $240K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $880K, and assets of $661K (revenue +69.4% year-over-year).
- 2022: Revenue of $593K, expenses of $719K, and assets of $512K (revenue -20.1% year-over-year).
- 2021: Revenue of $742K, expenses of $459K, and assets of $623K (revenue +19.0% year-over-year).
- 2018: Revenue of $624K, expenses of $816K, and assets of $211K (revenue -2.9% year-over-year).
- 2017: Revenue of $642K, expenses of $692K, and assets of $393K (revenue +9.6% year-over-year).
- 2016: Revenue of $586K, expenses of $650K, and assets of $442K (revenue -20.4% year-over-year).
- 2015: Revenue of $736K, expenses of $527K, and assets of $493K (revenue +19.2% year-over-year).
- 2014: Revenue of $618K, expenses of $634K, and assets of $284K (revenue +24.8% year-over-year).
- 2013: Revenue of $495K, expenses of $386K, and assets of $305K (revenue -4.6% year-over-year).
- 2012: Revenue of $519K, expenses of $568K, and assets of $192K (revenue +88.9% year-over-year).
- 2011: Revenue of $275K, expenses of $197K, and assets of $240K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Energy Economy Inc:
Data Sources and Methodology
This transparency report for New Energy Economy 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.