Peer Inc
Peer Inc. shows revenue growth but faces asset and liability fluctuations, with no reported officer compensation.
EIN: 201029943 · Birmingham, AL · NTEE: T12 · Updated: 2026-03-28
Is Peer Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peer Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peer Inc
Peer Inc (EIN: 201029943) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T12. The organization reported total revenue of $372K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peer Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peer Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $400K |
| Total Expenses | $400K |
| Surplus / Deficit | +$78 |
| Total Assets | $35K |
| Total Liabilities | $61K |
| Net Assets | $-25,977 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 174.9% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2023, Peer Inc reported a surplus of $78 with revenue exceeding expenses, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 174.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Peer Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.5% | -11.9% | +234.0% |
| 2022 | +34.0% | +41.5% | +3.8% |
| 2021 | -0.6% | -2.5% | +275.0% |
| 2020 | +100.9% | +81.3% | +176.6% |
| 2019 | -4.2% | +13.6% | -93.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Peer Inc 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, Peer 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 $78, with revenue exceeding expenses.
- Debt-to-asset ratio: 174.9%.
Executive Compensation Analysis
Peer Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size and 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 Peer Inc's IRS 990 filings:
- Liabilities exceeding assets in recent years (e.g., 2023: $60,682 liabilities vs. $34,705 assets)
- Low asset base relative to annual operating expenses, indicating limited reserves
- Consistent 0% officer compensation, which can sometimes mask compensation through other means or indicate an unsustainable reliance on unpaid leadership for an organization of this size.
Strengths
The following positive indicators were identified for Peer Inc:
- Consistent revenue growth over the past several years (e.g., $80,690 in 2017 to $399,623 in 2023)
- Long and consistent IRS 990 filing history (13 filings), demonstrating transparency
- Expenses generally align with revenue, indicating operational budgeting discipline (e.g., 2023: $399,623 revenue vs. $399,545 expenses)
Frequently Asked Questions about Peer Inc
Is Peer Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Peer Inc (EIN: 201029943) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Peer Inc spend its money?
Peer Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peer Inc tax-deductible?
Peer Inc is registered as a tax-exempt nonprofit (EIN: 201029943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Peer Inc. financially stable?
Peer Inc.'s financial stability is mixed. While it generally covers expenses with revenue (e.g., 2023 revenue of $399,623 vs. expenses of $399,545), its assets are low relative to its annual expenses, and liabilities have at times exceeded assets, such as in 2023 ($34,705 assets vs. $60,682 liabilities), suggesting potential liquidity concerns.
How does Peer Inc. manage its executive compensation?
Peer Inc. consistently reports 0% officer compensation in all available IRS 990 filings. This suggests that its executive leadership is either entirely volunteer-based or compensated in a manner not classified as officer compensation on the 990 form.
What is the trend in Peer Inc.'s revenue?
Peer Inc. has shown significant revenue growth over the past several years, increasing from $80,690 in 2017 to $399,623 in 2023, indicating an expanding operational scale.
Are Peer Inc.'s assets sufficient to cover its liabilities?
In some periods, Peer Inc.'s liabilities have exceeded its assets, notably in 2023 where assets were $34,705 and liabilities were $60,682. This indicates a potential vulnerability in its financial position.
Filing History
IRS 990 filing history for Peer Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Peer Inc's revenue has grown by 445.7%, moving from $73K to $400K. Total assets decreased by 44.6% over the same period, from $63K to $35K. Total functional expenses rose by 368.2%, from $85K to $400K. In its most recent filing year (2023), Peer Inc reported a surplus of $78, with revenue exceeding expenses. The organization holds $61K in liabilities against $35K in assets (debt-to-asset ratio: 174.9%), resulting in net assets of $-25,977.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $400K | $400K | $35K | $61K | — | — |
| 2022 | $432K | $454K | $10K | $36K | — | — |
| 2021 | $322K | $321K | $10K | $14K | — | View 990 |
| 2020 | $324K | $329K | $3K | $15K | — | View 990 |
| 2019 | $161K | $181K | $965 | $9K | — | View 990 |
| 2018 | $168K | $160K | $14K | $2K | — | View 990 |
| 2017 | $81K | $115K | $4K | $1K | — | View 990 |
| 2016 | $164K | $157K | $37K | $321 | — | View 990 |
| 2015 | $162K | $156K | $32K | $1K | — | View 990 |
| 2014 | $188K | $207K | $29K | $4K | — | View 990 |
| 2013 | $169K | $209K | $50K | $6K | — | View 990 |
| 2012 | $184K | $158K | $90K | $4K | — | View 990 |
| 2011 | $73K | $85K | $63K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $400K, expenses of $400K, and assets of $35K (revenue -7.5% year-over-year).
- 2022: Revenue of $432K, expenses of $454K, and assets of $10K (revenue +34.0% year-over-year).
- 2021: Revenue of $322K, expenses of $321K, and assets of $10K (revenue -0.6% year-over-year).
- 2020: Revenue of $324K, expenses of $329K, and assets of $3K (revenue +100.9% year-over-year).
- 2019: Revenue of $161K, expenses of $181K, and assets of $965 (revenue -4.2% year-over-year).
- 2018: Revenue of $168K, expenses of $160K, and assets of $14K (revenue +108.7% year-over-year).
- 2017: Revenue of $81K, expenses of $115K, and assets of $4K (revenue -50.7% year-over-year).
- 2016: Revenue of $164K, expenses of $157K, and assets of $37K (revenue +1.1% year-over-year).
- 2015: Revenue of $162K, expenses of $156K, and assets of $32K (revenue -13.8% year-over-year).
- 2014: Revenue of $188K, expenses of $207K, and assets of $29K (revenue +11.1% year-over-year).
- 2013: Revenue of $169K, expenses of $209K, and assets of $50K (revenue -8.4% year-over-year).
- 2012: Revenue of $184K, expenses of $158K, and assets of $90K (revenue +151.8% year-over-year).
- 2011: Revenue of $73K, expenses of $85K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peer Inc:
Data Sources and Methodology
This transparency report for Peer 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.