Stearns Electric Association Trust

Analysis

Stearns Electric Association Trust is a registered charity in United States, based in Melrose, MN. It received its IRS tax-exemption ruling in February 1995, 31 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, Stearns Electric Association Trust reported income of $178k and spending of $170k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $173k to $178k (+3.2%), an average of +3.2% a year. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Stearns Electric Association Trust sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Belvedere Community Foundation ($178k), Bhumi ($178k) and Lila H Borgstrom Foundation ($178k).

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 $57k against liabilities of $0, net assets of $57k.