Matanuska Electric Association Charitable Foundation

Analysis

Matanuska Electric Association Charitable Foundation is a registered charity in United States, based in Palmer, AK. 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, Matanuska Electric Association Charitable Foundation reported income of $239k and spending of $227k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $217k to $239k (+11%), an average of +3.4% a year. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Matanuska Electric Association Charitable Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 52nd percentile within AK. Charities of a similar size with the same main cause include MDS Foundation Inc ($239k), Genius Recovery Foundation Inc ($239k) and Connected-Conectando Educacion ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.