Solarfest Inc
Solarfest Inc. experiences dramatic revenue growth and asset accumulation in recent years after a decade of modest operations.
EIN: 20622981 · N Bennington, VT · NTEE: C30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $53K |
| Total Expenses | $83K |
| Program Spending | 85% |
| Net Assets | $651K |
| Transparency Score | 85/100 |
Is Solarfest Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Solarfest Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Solarfest Inc
Solarfest Inc (EIN: 20622981) is a nonprofit organization based in N Bennington, VT, classified under NTEE code C30. The organization reported total revenue of $53K and total assets of $627K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solarfest Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Solarfest Inc is a micro nonprofit that has been operating for 24 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $392K |
| Total Expenses | $83K |
| Surplus / Deficit | +$309K |
| Total Assets | $651K |
| Net Assets | $651K |
| Operating Margin | 78.9% |
| Months of Reserves | 94.4 months |
Financial Health Grade: A
In 2023, Solarfest Inc reported a surplus of $309K with revenue exceeding expenses, holds 94.4 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2011–2023), Solarfest Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.4% | -26.5% | +90.5% |
| 2018 | -336.1% | +261.6% | -30.1% |
| 2017 | +26.7% | +232.9% | +418.0% |
| 2015 | -70.2% | -95.3% | -85.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Solarfest Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Solarfest Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $309K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all nine filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
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 Solarfest Inc's IRS 990 filings:
- Highly volatile revenue history, making long-term financial planning potentially challenging.
- Lack of detailed expense breakdown in provided data, hindering full assessment of program efficiency.
Strengths
The following positive indicators were identified for Solarfest Inc:
- Strong asset growth in recent years, indicating financial stability and capacity.
- Consistently reported 0% officer compensation, demonstrating efficient leadership structure.
- Zero reported liabilities in recent filings, indicating a healthy balance sheet.
- Expenses are a relatively small percentage of revenue in recent high-revenue years, suggesting efficient operations.
Frequently Asked Questions about Solarfest Inc
Is Solarfest Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Solarfest Inc (EIN: 20622981) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Solarfest Inc spend its money?
Solarfest Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Solarfest Inc tax-deductible?
Solarfest Inc is registered as a tax-exempt nonprofit (EIN: 20622981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Solarfest Inc's spending goes to programs?
Solarfest Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Solarfest Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Solarfest Inc is above average for NTEE category C30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Solarfest Inc located?
Solarfest Inc is headquartered in N Bennington, Vermont and files with the IRS under EIN 20622981. It is classified under NTEE code C30.
How many years of IRS 990 filings does Solarfest Inc have?
Solarfest Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $53K in total revenue.
What caused the significant increase in revenue and assets in 2022 and 2023?
The provided data shows a dramatic jump in revenue from $10,280 in 2017 to $669,091 in 2022 and $392,142 in 2023, alongside a corresponding increase in assets from $12,830 to $651,262. Understanding the source of this funding (e.g., major grants, large donations, new programs) would provide insight into the organization's sustainability.
How are the accumulated assets being utilized or planned for future programs?
With assets growing to over $650,000 by 2023 and expenses being a fraction of revenue in recent years, it's important to understand if these assets are held as an endowment, for specific future projects, or as operational reserves.
What is the detailed breakdown of expenses (program, admin, fundraising) for the recent high-revenue years?
While overall expenses are low relative to recent revenue, the provided data lacks the granular detail to assess the efficiency of spending across program delivery, administrative overhead, and fundraising efforts. This is crucial for understanding how effectively funds are being used for the mission.
Filing History
IRS 990 filing history for Solarfest Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Solarfest Inc's revenue has grown by 660.9%, moving from $52K to $392K. Total assets increased by 1997.1% over the same period, from $31K to $651K. Total functional expenses rose by 51.4%, from $55K to $83K. In its most recent filing year (2023), Solarfest Inc reported a surplus of $309K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $392K | $83K | $651K | $0 | — | — |
| 2022 | $669K | $113K | $342K | $0 | — | View 990 |
| 2018 | $-24,271 | $26K | $9K | $50K | — | — |
| 2017 | $10K | $7K | $13K | $52K | — | View 990 |
| 2015 | $8K | $2K | $2K | $0 | — | View 990 |
| 2014 | $27K | $46K | $17K | $0 | — | View 990 |
| 2013 | $44K | $55K | $16K | $0 | — | View 990 |
| 2012 | $50K | $54K | $27K | $0 | — | View 990 |
| 2011 | $52K | $55K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $392K, expenses of $83K, and assets of $651K (revenue -41.4% year-over-year).
- 2022: Revenue of $669K, expenses of $113K, and assets of $342K.
- 2018: Revenue of $-24,271, expenses of $26K, and assets of $9K (revenue -336.1% year-over-year).
- 2017: Revenue of $10K, expenses of $7K, and assets of $13K (revenue +26.7% year-over-year).
- 2015: Revenue of $8K, expenses of $2K, and assets of $2K (revenue -70.2% year-over-year).
- 2014: Revenue of $27K, expenses of $46K, and assets of $17K (revenue -37.6% year-over-year).
- 2013: Revenue of $44K, expenses of $55K, and assets of $16K (revenue -12.4% year-over-year).
- 2012: Revenue of $50K, expenses of $54K, and assets of $27K (revenue -3.5% year-over-year).
- 2011: Revenue of $52K, expenses of $55K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Solarfest Inc:
Data Sources and Methodology
This transparency report for Solarfest 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.