Lake Region Electric Trust

Analysis

Lake Region Electric Trust is a registered charity in United States, based in Pel Rapids, MN. It received its IRS tax-exemption ruling in February 2010, 16 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 Trust reported income of $142k and spending of $113k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $142k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 74% 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 Trust sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Brainsurge Global Support Foundation Inc ($142k), Tampa Bay Charities Inc ($142k) and We KC Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $232k against liabilities of $0, net assets of $232k.