Offshore Wind Development Coalition Inc
EIN: 273544829 · Providence, RI · NTEE: S41
| Metric | Value |
|---|---|
| Total Expenses | $110K |
| Net Assets | $50K |
Is Offshore Wind Development Coalition Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Offshore Wind Development Coalition Inc
Offshore Wind Development Coalition Inc (EIN: 273544829) is a nonprofit organization based in Providence, RI, classified under NTEE code S41. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Offshore Wind Development Coalition Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Offshore Wind Development Coalition Inc is a small nonprofit that has been operating for 15 years, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -39.3%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $110K |
| Surplus / Deficit | +$50K |
| Total Assets | $54K |
| Total Liabilities | $3K |
| Net Assets | $50K |
| Operating Margin | 31.3% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 5.8 months |
Financial Health Grade: A
In 2014, Offshore Wind Development Coalition Inc reported a surplus of $50K with revenue exceeding expenses, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 4 years of filings (2011–2014), Offshore Wind Development Coalition Inc's revenue has declined at a compound annual growth rate (CAGR) of -39.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -56.8% | -70.6% | +38.7% |
| 2013 | -25.3% | -22.1% | -76.0% |
| 2012 | -30.5% | -33.8% | -45.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Offshore Wind Development Coalition Inc 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 Offshore Wind Development Coalition Inc 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.4%.
Frequently Asked Questions about Offshore Wind Development Coalition Inc
Is Offshore Wind Development Coalition Inc a legitimate charity?
Offshore Wind Development Coalition Inc (EIN: 273544829) is a registered tax-exempt nonprofit based in Rhode Island. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Offshore Wind Development Coalition Inc spend its money?
Offshore Wind Development Coalition Inc reported its financials in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Offshore Wind Development Coalition Inc tax-deductible?
Offshore Wind Development Coalition Inc is registered as a tax-exempt nonprofit (EIN: 273544829). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Offshore Wind Development Coalition Inc located?
Offshore Wind Development Coalition Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 273544829. It is classified under NTEE code S41.
How many years of IRS 990 filings does Offshore Wind Development Coalition Inc have?
Offshore Wind Development Coalition Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Offshore Wind Development Coalition Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Offshore Wind Development Coalition Inc's revenue has declined by 77.6%, moving from $714K to $160K. Total assets decreased by 81.8% over the same period, from $295K to $54K. Total functional expenses fell by 84.9%, from $726K to $110K. In its most recent filing year (2014), Offshore Wind Development Coalition Inc reported a surplus of $50K, with revenue exceeding expenses. The organization holds $3K in liabilities against $54K in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $160K | $110K | $54K | $3K | — | View 990 |
| 2013 | $370K | $374K | $39K | $39K | — | View 990 |
| 2012 | $496K | $480K | $161K | $158K | — | View 990 |
| 2011 | $714K | $726K | $295K | $307K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $160K, expenses of $110K, and assets of $54K (revenue -56.8% year-over-year).
- 2013: Revenue of $370K, expenses of $374K, and assets of $39K (revenue -25.3% year-over-year).
- 2012: Revenue of $496K, expenses of $480K, and assets of $161K (revenue -30.5% year-over-year).
- 2011: Revenue of $714K, expenses of $726K, and assets of $295K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Offshore Wind Development Coalition Inc:
Data Sources and Methodology
This transparency report for Offshore Wind Development Coalition 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.