Lake Country Power Electric TR

Analysis

Lake Country Power Electric TR is a registered charity in United States, based in Cohasset, MN. It received its IRS tax-exemption ruling in August 2004, 22 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 Country Power Electric TR reported income of $211k and spending of $211k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $207k to $211k (+1.9%), an average of +0.9% a year. Over the whole period it spent 102% 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 Country Power Electric TR sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Mercy Health Care Foundation ($211k), Friends of Hospice San Antonio Inc ($211k) and Philanthropic Planning Group of Greater New York Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.