Itasca-Mantrap Co-Op Electricalassn Trust

Analysis

Itasca-Mantrap Co-Op Electricalassn Trust is a registered charity in United States, based in Park Rapids, MN. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Itasca-Mantrap Co-Op Electricalassn Trust reported income of $101k and spending of $94k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $101k (+7.9%), an average of +7.9% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Itasca-Mantrap Co-Op Electricalassn Trust sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Colorado Academy of Family Physicians Foundation ($101k), Big Stone Area Growth ($101k) and Urban Strategic Solutions ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.