Nextenergy Center
Nextenergy Center shows recent revenue growth after years of declining assets and expenses exceeding income.
EIN: 20648628 · Detroit, MI · NTEE: C35 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $4.6M |
| Program Spending | 80% |
| Net Assets | $3.4M |
| Transparency Score | 70/100 |
Is Nextenergy Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nextenergy Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nextenergy Center
Nextenergy Center (EIN: 20648628) is a nonprofit organization based in Detroit, MI, classified under NTEE code C35. The organization reported total revenue of $5.9M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nextenergy Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nextenergy Center is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$33K |
| Total Assets | $5.7M |
| Total Liabilities | $2.3M |
| Net Assets | $3.4M |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 40.7% |
| Months of Reserves | 14.9 months |
Financial Health Grade: A
In 2023, Nextenergy Center reported a surplus of $33K with revenue exceeding expenses, holds 14.9 months of operating reserves (strong position), has a debt-to-asset ratio of 40.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nextenergy Center's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +80.2% | +64.6% | +7.0% |
| 2022 | +111.2% | +54.4% | -1.7% |
| 2021 | -25.7% | -32.3% | -17.8% |
| 2020 | +49.4% | +22.6% | +17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Nextenergy Center with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Nextenergy Center 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 $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either that no compensation is paid to officers or that it is categorized differently, which enhances transparency regarding this specific line item.
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 Nextenergy Center's IRS 990 filings:
- Consistent history of expenses exceeding revenue for many years (e.g., 2014-2022), leading to asset depletion.
- Significant decline in total assets from $18,744,505 in 2014 to $5,697,834 in 2023.
- Negative revenue reported in 2018 (-$2,162,194), which warrants further investigation.
Strengths
The following positive indicators were identified for Nextenergy Center:
- Significant revenue growth in recent years, from $1,211,953 in 2021 to $4,611,725 in 2023.
- Positive net income reported in the latest filing (2023), indicating a potential turnaround in financial management.
- Consistent reporting of 0% officer compensation, suggesting strong transparency or a unique compensation structure.
Frequently Asked Questions about Nextenergy Center
Is Nextenergy Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Nextenergy Center (EIN: 20648628) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Nextenergy Center spend its money?
Nextenergy Center directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nextenergy Center tax-deductible?
Nextenergy Center is registered as a tax-exempt nonprofit (EIN: 20648628). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nextenergy Center's spending goes to programs?
Nextenergy Center directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nextenergy Center compare to similar nonprofits?
With a transparency score of 70/100 (Good), Nextenergy Center 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 Nextenergy Center located?
Nextenergy Center is headquartered in Detroit, Michigan and files with the IRS under EIN 20648628. It is classified under NTEE code C35.
How many years of IRS 990 filings does Nextenergy Center have?
Nextenergy Center 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 $5.9M in total revenue.
Is Nextenergy Center financially stable given its history of expenses exceeding revenue?
While Nextenergy Center has a history of expenses exceeding revenue, leading to a significant decline in assets from $18.7M in 2014 to $5.7M in 2023, the most recent filing (2023) shows a positive net income ($4,611,725 revenue vs. $4,578,580 expenses), indicating a potential shift towards improved financial stability.
What caused the significant decline in assets from $18.7M in 2014 to $5.7M in 2023?
The decline in assets is primarily attributable to the organization consistently spending more than it earned for many years. For example, in 2014, expenses were $7,574,350 against revenue of $5,688,559, and this trend continued through 2022, eroding the asset base.
How does the 0% officer compensation impact the assessment of the organization?
The consistent reporting of 0% officer compensation is a strong positive for transparency, as it indicates that either no compensation is paid to officers or it is not reported in this specific category, which is unusual for an organization of this size. It suggests a potential dedication to directing funds towards the mission rather than executive salaries.
Filing History
IRS 990 filing history for Nextenergy Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nextenergy Center's revenue has declined by 12.4%, moving from $5.3M to $4.6M. Total assets decreased by 72.9% over the same period, from $21.1M to $5.7M. Total functional expenses fell by 36.4%, from $7.2M to $4.6M. In its most recent filing year (2023), Nextenergy Center reported a surplus of $33K, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $5.7M in assets (debt-to-asset ratio: 40.7%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $4.6M | $5.7M | $2.3M | — | — |
| 2022 | $2.6M | $2.8M | $5.3M | $2.0M | — | — |
| 2021 | $1.2M | $1.8M | $5.4M | $1.9M | — | View 990 |
| 2020 | $1.6M | $2.7M | $6.6M | $2.5M | — | View 990 |
| 2019 | $1.1M | $2.2M | $5.6M | $436K | — | View 990 |
| 2018 | $-2,162,194 | $3.4M | $6.6M | $382K | — | View 990 |
| 2017 | $1.8M | $4.1M | $12.2M | $505K | — | View 990 |
| 2016 | $3.0M | $4.9M | $14.1M | $105K | — | View 990 |
| 2015 | $4.4M | $5.7M | $16.3M | $434K | — | View 990 |
| 2014 | $5.7M | $7.6M | $18.7M | $1.6M | — | View 990 |
| 2013 | $6.3M | $6.9M | $20.2M | $1.2M | — | View 990 |
| 2012 | $7.5M | $8.2M | $20.5M | $903K | — | View 990 |
| 2011 | $5.3M | $7.2M | $21.1M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $4.6M, and assets of $5.7M (revenue +80.2% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.8M, and assets of $5.3M (revenue +111.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.8M, and assets of $5.4M (revenue -25.7% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.7M, and assets of $6.6M (revenue +49.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $2.2M, and assets of $5.6M.
- 2018: Revenue of $-2,162,194, expenses of $3.4M, and assets of $6.6M (revenue -219.9% year-over-year).
- 2017: Revenue of $1.8M, expenses of $4.1M, and assets of $12.2M (revenue -40.5% year-over-year).
- 2016: Revenue of $3.0M, expenses of $4.9M, and assets of $14.1M (revenue -31.4% year-over-year).
- 2015: Revenue of $4.4M, expenses of $5.7M, and assets of $16.3M (revenue -22.3% year-over-year).
- 2014: Revenue of $5.7M, expenses of $7.6M, and assets of $18.7M (revenue -9.4% year-over-year).
- 2013: Revenue of $6.3M, expenses of $6.9M, and assets of $20.2M (revenue -16.1% year-over-year).
- 2012: Revenue of $7.5M, expenses of $8.2M, and assets of $20.5M (revenue +42.1% year-over-year).
- 2011: Revenue of $5.3M, expenses of $7.2M, and assets of $21.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nextenergy Center:
Data Sources and Methodology
This transparency report for Nextenergy Center 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.