Lake Region Electric Cooperative Foundation Inc

Analysis

Lake Region Electric Cooperative Foundation Inc is a registered charity in United States, based in Hulbert, OK. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Region Electric Cooperative Foundation Inc reported income of $84k and spending of $65k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $88k to $84k (-4.4%), an average of -1.1% a year. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lake Region Electric Cooperative Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within OK. Charities of a similar size with the same main cause include General Federation of Womens Clubs ($84k), Kidsclothes Inc ($84k) and Ramsey Public Education Foundation Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $295k against liabilities of $8,860, net assets of $286k.