North Carolina Clean Energy Fund
EIN: 862644198 · Raleigh, NC · NTEE: C35
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $146K |
| Net Assets | $749K |
Is North Carolina Clean Energy Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About North Carolina Clean Energy Fund
North Carolina Clean Energy Fund (EIN: 862644198) is a nonprofit organization based in Raleigh, NC, classified under NTEE code C35. The organization reported total revenue of $2.4M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Carolina Clean Energy Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Carolina Clean Energy Fund is a mid-size nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 208.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $679K |
| Total Expenses | $146K |
| Surplus / Deficit | +$533K |
| Total Assets | $797K |
| Total Liabilities | $48K |
| Net Assets | $749K |
| Operating Margin | 78.5% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 65.5 months |
Financial Health Grade: A
In 2023, North Carolina Clean Energy Fund reported a surplus of $533K with revenue exceeding expenses, holds 65.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), North Carolina Clean Energy Fund's revenue has grown at a compound annual growth rate (CAGR) of 208.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +208.7% | +3348.9% | +262.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for North Carolina Clean Energy Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Carolina Clean Energy Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $533K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.1%.
Frequently Asked Questions about North Carolina Clean Energy Fund
Is North Carolina Clean Energy Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, North Carolina Clean Energy Fund (EIN: 862644198) insufficient data. 0 red flags identified, 0 strengths noted.
How does North Carolina Clean Energy Fund spend its money?
Detailed spending breakdown data is not yet available for North Carolina Clean Energy Fund. Check back for updated IRS 990 analysis.
Are donations to North Carolina Clean Energy Fund tax-deductible?
North Carolina Clean Energy Fund is registered as a tax-exempt nonprofit (EIN: 862644198). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is North Carolina Clean Energy Fund located?
North Carolina Clean Energy Fund is headquartered in Raleigh, North Carolina and files with the IRS under EIN 862644198. It is classified under NTEE code C35.
How many years of IRS 990 filings does North Carolina Clean Energy Fund have?
North Carolina Clean Energy Fund has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.4M in total revenue.
Filing History
IRS 990 filing history for North Carolina Clean Energy Fund showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), North Carolina Clean Energy Fund's revenue has grown by 208.7%, moving from $220K to $679K. Total assets increased by 262.4% over the same period, from $220K to $797K. Total functional expenses rose by 3348.9%, from $4K to $146K. In its most recent filing year (2023), North Carolina Clean Energy Fund reported a surplus of $533K, with revenue exceeding expenses. The organization holds $48K in liabilities against $797K in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $749K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $679K | $146K | $797K | $48K | — | — |
| 2022 | $220K | $4K | $220K | $4K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Carolina Clean Energy Fund:
Data Sources and Methodology
This transparency report for North Carolina Clean Energy Fund 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.