Presque Isle Electric & Gas Communities First Fund

Analysis

Presque Isle Electric & Gas Communities First Fund is a registered charity in United States, based in Onaway, MI. It received its IRS tax-exemption ruling in December 1997, 29 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, Presque Isle Electric & Gas Communities First Fund reported income of $59k and spending of $53k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $59k (+2.6%), an average of +2.6% 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, Presque Isle Electric & Gas Communities First Fund sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within MI. Charities of a similar size with the same main cause include Denison Athletic Booster Club Inc ($59k), South Bay Friends Foundation ($59k) and Cy-Fair Ffa Booster Club ($59k).

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 $119k against liabilities of $0, net assets of $119k.