Peoples Solar Energy Fund Logo

MIP Score

59

Societal Benefit
Utilities Services

Peoples Solar Energy Fund

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.

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%