Renewable Energy Alaska Project
EIN: 260484527 · Anchorage, AK · NTEE: C35
Is Renewable Energy Alaska Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Renewable Energy Alaska Project
Renewable Energy Alaska Project (EIN: 260484527) is a nonprofit organization based in Anchorage, AK, classified under NTEE code C35. The organization reported total revenue of $2.0M and total assets of $848K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renewable Energy Alaska Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renewable Energy Alaska Project is a mid-size nonprofit that has been operating for 18 years, with 18 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$110K |
| Total Assets | $828K |
| Total Liabilities | $141K |
| Net Assets | $687K |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 17.0% |
| Months of Reserves | 6.3 months |
Financial Health Grade: A
In 2023, Renewable Energy Alaska Project reported a surplus of $110K with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 17.0% (very low leverage).
Financial Trends
Over 18 years of filings (2008–2023), Renewable Energy Alaska Project's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.3% | +38.5% | +27.7% |
| 2022 | -15.0% | +10.2% | -5.9% |
| 2021 | +28.5% | +19.8% | +17.9% |
| 2020 | +1.5% | -11.4% | +109.7% |
| 2019 | +60.5% | +33.1% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Renewable Energy Alaska Project 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 Renewable Energy Alaska Project 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 $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.0%.
Frequently Asked Questions about Renewable Energy Alaska Project
Is Renewable Energy Alaska Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Renewable Energy Alaska Project (EIN: 260484527) insufficient data. 0 red flags identified, 0 strengths noted.
How does Renewable Energy Alaska Project spend its money?
Detailed spending breakdown data is not yet available for Renewable Energy Alaska Project. Check back for updated IRS 990 analysis.
Are donations to Renewable Energy Alaska Project tax-deductible?
Renewable Energy Alaska Project is registered as a tax-exempt nonprofit (EIN: 260484527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Renewable Energy Alaska Project showing financial trends over 18 years of public records:
Over 18 years of IRS 990 filings (2008–2023), Renewable Energy Alaska Project's revenue has grown by 403.8%, moving from $333K to $1.7M. Total assets increased by 308.6% over the same period, from $203K to $828K. Total functional expenses rose by 1018.7%, from $140K to $1.6M. In its most recent filing year (2023), Renewable Energy Alaska Project reported a surplus of $110K, with revenue exceeding expenses. The organization holds $141K in liabilities against $828K in assets (debt-to-asset ratio: 17.0%), resulting in net assets of $687K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.6M | $828K | $141K | — | — |
| 2022 | $1.1M | $1.1M | $649K | $124K | — | View 990 |
| 2021 | $1.3M | $1.0M | $689K | $93K | — | View 990 |
| 2020 | $1.0M | $857K | $584K | $256K | — | — |
| 2019 | $993K | $967K | $279K | $102K | — | View 990 |
| 2018 | $619K | $727K | $257K | $106K | — | View 990 |
| 2017 | $808K | $760K | $383K | $124K | — | View 990 |
| 2016 | $621K | $611K | $290K | $78K | — | View 990 |
| 2015 | $821K | $690K | $396K | $194K | — | View 990 |
| 2014 | $761K | $734K | $289K | $218K | — | View 990 |
| 2013 | $703K | $740K | $306K | $262K | — | View 990 |
| 2012 | $808K | $765K | $349K | $268K | — | View 990 |
| 2011 | $919K | $820K | $302K | $263K | — | View 990 |
| 2010 | $547K | $688K | $236K | $297K | — | View 990 |
| 2010 | $547K | $688K | $236K | $297K | — | — |
| 2009 | $412K | $577K | $303K | $273K | — | — |
| 2009 | $412K | $577K | $303K | $273K | — | View 990 |
| 2008 | $333K | $140K | $203K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.6M, and assets of $828K (revenue +52.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $649K (revenue -15.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.0M, and assets of $689K (revenue +28.5% year-over-year).
- 2020: Revenue of $1.0M, expenses of $857K, and assets of $584K (revenue +1.5% year-over-year).
- 2019: Revenue of $993K, expenses of $967K, and assets of $279K (revenue +60.5% year-over-year).
- 2018: Revenue of $619K, expenses of $727K, and assets of $257K (revenue -23.4% year-over-year).
- 2017: Revenue of $808K, expenses of $760K, and assets of $383K (revenue +30.2% year-over-year).
- 2016: Revenue of $621K, expenses of $611K, and assets of $290K (revenue -24.4% year-over-year).
- 2015: Revenue of $821K, expenses of $690K, and assets of $396K (revenue +7.8% year-over-year).
- 2014: Revenue of $761K, expenses of $734K, and assets of $289K (revenue +8.3% year-over-year).
- 2013: Revenue of $703K, expenses of $740K, and assets of $306K (revenue -13.0% year-over-year).
- 2012: Revenue of $808K, expenses of $765K, and assets of $349K (revenue -12.1% year-over-year).
- 2011: Revenue of $919K, expenses of $820K, and assets of $302K (revenue +68.2% year-over-year).
- 2010: Revenue of $547K, expenses of $688K, and assets of $236K (revenue +0.0% year-over-year).
- 2010: Revenue of $547K, expenses of $688K, and assets of $236K (revenue +32.7% year-over-year).
- 2009: Revenue of $412K, expenses of $577K, and assets of $303K (revenue +0.0% year-over-year).
- 2009: Revenue of $412K, expenses of $577K, and assets of $303K (revenue +23.7% year-over-year).
- 2008: Revenue of $333K, expenses of $140K, and assets of $203K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renewable Energy Alaska Project:
Data Sources and Methodology
This transparency report for Renewable Energy Alaska Project 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.