Taylor Electric Trust

Analysis

Taylor Electric Trust is a registered charity in United States, based in Merkel, TX. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Taylor Electric Trust reported income of $86k and spending of $73k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $86k (+7.5%), an average of +7.5% a year. Over the whole period it spent 88% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Taylor Electric Trust sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Page Ambulance Service ($86k), Fowler-Osullivan Foundation ($86k) and Inez Fire Company Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $247k against liabilities of $0, net assets of $247k.