Plymouth Area Renewable Energy Initiative

Is Plymouth Area Renewable Energy Initiative Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Plymouth Area Renewable Energy Initiative directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Plymouth Area Renewable Energy Initiative

Plymouth Area Renewable Energy Initiative (EIN: 200789969) is a nonprofit organization based in Plymouth, NH, classified under NTEE code C35. The organization reported total revenue of $719K and total assets of $145K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plymouth Area Renewable Energy Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Plymouth Area Renewable Energy Initiative with a Mission Score of 92 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Plymouth Area Renewable Energy Initiative allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization with nearly $1 million in annual 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.

Strengths

The following positive indicators were identified for Plymouth Area Renewable Energy Initiative:

• Consistent growth in assets, from $70,395 in 2015 to $171,376 in 2023.
• Zero reported officer compensation across all 13 filings, indicating high efficiency.
• Revenues generally exceed or closely match expenses, demonstrating sound financial management.
• Low liabilities relative to assets, indicating a healthy balance sheet.
• Consistent IRS 990 filing history over 13 periods, showing strong transparency and compliance.

Frequently Asked Questions about Plymouth Area Renewable Energy Initiative

Filing History

IRS 990 filing history for Plymouth Area Renewable Energy Initiative showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Plymouth Area Renewable Energy Initiative's revenue has grown by 80.9%, moving from $544K to $984K. Total assets increased by 135% over the same period, from $73K to $171K. Total functional expenses rose by 83.9%, from $522K to $959K. In its most recent filing year (2023), Plymouth Area Renewable Energy Initiative reported a surplus of $24K, with revenue exceeding expenses. The organization holds $38K in liabilities against $171K in assets (debt-to-asset ratio: 21.9%), resulting in net assets of $134K.

Year-by-Year Financial Summary

• 2023: Revenue of $984K, expenses of $959K, and assets of $171K (revenue +41.7% year-over-year).
• 2022: Revenue of $694K, expenses of $723K, and assets of $116K (revenue +19.4% year-over-year).
• 2021: Revenue of $581K, expenses of $581K, and assets of $145K (revenue +14.2% year-over-year).
• 2020: Revenue of $509K, expenses of $526K, and assets of $142K (revenue -15.7% year-over-year).
• 2019: Revenue of $604K, expenses of $613K, and assets of $171K (revenue +9.3% year-over-year).
• 2018: Revenue of $553K, expenses of $470K, and assets of $169K (revenue +30.0% year-over-year).
• 2017: Revenue of $425K, expenses of $427K, and assets of $91K (revenue -29.3% year-over-year).
• 2016: Revenue of $602K, expenses of $578K, and assets of $87K (revenue +2.6% year-over-year).
• 2015: Revenue of $586K, expenses of $593K, and assets of $70K (revenue -29.7% year-over-year).
• 2014: Revenue of $834K, expenses of $818K, and assets of $107K (revenue +54.0% year-over-year).
• 2013: Revenue of $542K, expenses of $531K, and assets of $53K (revenue -35.3% year-over-year).
• 2012: Revenue of $838K, expenses of $821K, and assets of $46K (revenue +54.1% year-over-year).
• 2011: Revenue of $544K, expenses of $522K, and assets of $73K.

Data Sources and Methodology

This transparency report for Plymouth Area Renewable Energy Initiative 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.