Farmers Electric Charitablefoundation

Analysis

Farmers Electric Charitablefoundation is a registered charity in United States, based in Greenville, TX. It received its IRS tax-exemption ruling in September 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, Farmers Electric Charitablefoundation reported income of $420k and spending of $408k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $309k to $420k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Farmers Electric Charitablefoundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include America First Credit Union Charitable Foundation ($420k), Pride of Atmore ($420k) and Lubin-Green Foundation ($420k).

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 $274k against liabilities of $0, net assets of $274k.