Sovereign Energy
EIN: 922224097 · Albuquerque, NM · NTEE: C99
| Metric | Value |
|---|---|
| Total Revenue | $949K |
| Total Expenses | $20K |
| Net Assets | $218K |
Is Sovereign Energy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sovereign Energy
Sovereign Energy (EIN: 922224097) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code C99. The organization reported total revenue of $949K and total assets of $757K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sovereign Energy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sovereign Energy is a small nonprofit that has been operating for 2 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $238K |
| Total Expenses | $20K |
| Surplus / Deficit | +$218K |
| Total Assets | $223K |
| Total Liabilities | $5K |
| Net Assets | $218K |
| Operating Margin | 91.5% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 132.4 months |
Financial Health Grade: A
In 2023, Sovereign Energy reported a surplus of $218K with revenue exceeding expenses, holds 132.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sovereign Energy 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 Sovereign Energy 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 $218K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Frequently Asked Questions about Sovereign Energy
Is Sovereign Energy a legitimate charity?
Based on AI analysis of IRS 990 filings, Sovereign Energy (EIN: 922224097) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sovereign Energy spend its money?
Detailed spending breakdown data is not yet available for Sovereign Energy. Check back for updated IRS 990 analysis.
Are donations to Sovereign Energy tax-deductible?
Sovereign Energy is registered as a tax-exempt nonprofit (EIN: 922224097). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sovereign Energy located?
Sovereign Energy is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 922224097. It is classified under NTEE code C99.
Filing History
IRS 990 filing history for Sovereign Energy showing financial trends over 1 year of public records:
In its most recent filing year (2023), Sovereign Energy reported a surplus of $218K, with revenue exceeding expenses. The organization holds $5K in liabilities against $223K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $218K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $238K | $20K | $223K | $5K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sovereign Energy:
Data Sources and Methodology
This transparency report for Sovereign Energy 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.