Broad River Electric Charities Inc

Analysis

Broad River Electric Charities Inc is a registered charity in United States, based in Cowpens, SC. It received its IRS tax-exemption ruling in September 2011, 15 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, Broad River Electric Charities Inc reported income of $116k and spending of $90k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $116k (+1.4%), an average of +1.4% a year. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Broad River Electric Charities Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 46th percentile within SC. Charities of a similar size with the same main cause include Beautiful Gate Foundation ($116k), Fortnightly Club of Summit New Jersey ($116k) and Zichron Shimshon Foundation Inc ($116k).

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 $168k against liabilities of $0, net assets of $168k.