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  • Charities
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    • Charities By SDGs
  • Public Portfolios
    Peoples Solar Energy Fund Logo

    MIP Score

    59

    Societal Benefit
    Utilities Services

    Peoples Solar Energy Fund

    Peoples Solar Energy Fund Logo

    Peoples Solar Energy Fund

    Societal Benefit
    Utilities Services
    296 Nonotuck Street, Florence, Massachusetts, 01062View all Florence charities
    EIN: 84-3011433
    Total Assets: $934.8 thousand
    Established in 2019

    Mission

    PSEF was formed by environmental justice and social justice organizations to provide coordinated capital and technical support needed to develop community solar projects aimed at transforming the energy resources of low-income and BIPOC communities. By eliminating barriers to community-owned solar development, PSEF ensures that the benefits of renewable energy, such as improved health, cost savings, and job creation, are accessible to everyone, especially frontline communities.

    Read more on their website →

    Basic Information

    Tax-Exempt

    Address

    296 Nonotuck Street, Florence, Massachusetts, 01062

    View all Florence charities

    Founded in

    2019

    EIN

    84-3011433

    Total Assets

    $934.8 thousand

    Mission

    PSEF was formed by environmental justice and social justice organizations to provide coordinated capital and technical support needed to develop community solar projects aimed at transforming the energy resources of low-income and BIPOC communities. By eliminating barriers to community-owned solar development, PSEF ensures that the benefits of renewable energy, such as improved health, cost savings, and job creation, are accessible to everyone, especially frontline communities.

    Basic Information

    Tax-Exempt

    Address

    296 Nonotuck Street, Florence, Massachusetts, 01062

    View all Florence charities

    Founded in

    2019

    EIN

    84-3011433

    Total Assets

    $934.8 thousand

    UN Sustainable Development Goals Supported

    This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.

    Showing 3 of 5 goals

    Goal 7

    Clean Energy

    Goal 8

    Decent Work and Economic Growth

    Goal 13

    Climate Action

    Goal 7

    Clean Energy

    Goal 8

    Decent Work and Economic Growth

    Goal 13

    Climate Action

    Goal 10

    Reduced Inequalities

    Goal 16

    Peace, Justice, and Strong Institutions

    At a Glance

    Community Solar Projects Across the Nation

    Community Solar Projects Across the Nation

    An overview of various community solar projects funded by PSEF members.

    Training Programs for Community Leaders

    Training Programs for Community Leaders

    PSEF offers training and support for local groups in developing community-owned solar projects.

    Advancing BIPOC Leadership in Energy

    Advancing BIPOC Leadership in Energy

    Details on how PSEF supports BIPOC leadership in the renewable energy sector.

    Impact Stats

    33

    Number of Members

    33 Members Developing Community Solar

    PSEF has brought together a diverse range of members working towards community solar initiatives.

    11

    Number of Projects Funded

    11 Member Projects Funded

    Various projects led by PSEF members have received funding.

    8

    Grants Awarded

    8 Organizational Grants to Members

    PSEF has provided grants to support its member organizations.

    Our Programs

    Communities of Color Building Solar Capacity

    Communities of Color Building Solar Capacity

    Offering training for local groups in 'community-owned solar', along with mini-grants and staff support.

    Learn More
    Solar Leaders in Community

    Solar Leaders in Community

    Paid 6 month internships aimed at increasing Diversity in the Solar Field.

    Learn More

    Movement for Solar Capacity and Leadership

    A free higher-level training program focused on community leadership in energy issues.

    Learn More

    MIP Score (Beta)

    The MIP Score is in beta! We'd love any feedback you may have.

    The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.

    Overall Score

    59

    58

    /100

    Program Expense Ratio

    44.68%

    4

    /20

    Program Revenue Growth

    61.96%

    20

    /20

    Leverage Ratio

    0.09302

    20

    /20

    Working Capital Ratio

    1.253

    12

    /20

    Fundraising Efficiency

    0

    2

    /20

    Latest Filing Data: Form 990

    Fiscal Year:2022

    Source:Source: Self-reported by organization

    Financial Details

    Revenue

    CategoryAmountPercentage
    Contributions, Gifts, and Grants738K97.79%
    Program Services16.28K2.16%
    Investment Income4000.05%
    Sales of Non-Inventory Assets00.00%
    Other Notable Sources00.00%
    Total Revenue754.7K100.00%

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