First Electric Trust

Analysis

First Electric Trust is a registered charity in United States, based in Jacksonville, AR. It received its IRS tax-exemption ruling in April 1998, 28 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, First Electric Trust reported income of $136k and spending of $133k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $136k (+1.0%), an average of +1.0% a year. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, First Electric Trust sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within AR. Charities of a similar size with the same main cause include Seltzer Family Foundation ($136k), Grant a Wish Fund ($136k) and Made to Impact Foundation ($136k).

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 $37k against liabilities of $0, net assets of $37k.