Boone Electric Community Trust

Analysis

Boone Electric Community Trust is a registered charity in United States, based in Columbia, MO. 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, Boone Electric Community Trust reported income of $124k and spending of $318k, spending 257% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $124k (-44%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boone Electric Community Trust sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within MO. Charities of a similar size with the same main cause include Friends of Winnacunnet Endowment Foundation ($123k), Just Cause Create Joy ($124k) and Delmarva Irish American Club ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $687k against liabilities of $8,333, net assets of $679k.