Minnesota Valley Electric Trust

Analysis

Minnesota Valley Electric Trust is a registered charity in United States, based in Jordan, MN. It received its IRS tax-exemption ruling in June 1996, 30 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, Minnesota Valley Electric Trust reported income of $152k and spending of $177k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $158k to $152k (-3.8%), an average of -3.8% a year. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minnesota Valley Electric Trust sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Carteret-Craven Electric Foundation ($152k), Bridging Communities Regional Ctefoundation Incorporation ($152k) and Diaspora Foundation ($152k).

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 $31k against liabilities of $0, net assets of $31k.