Verendrye Electric Trust Inc

Analysis

Verendrye Electric Trust Inc is a registered charity in United States, based in Velva, ND. It received its IRS tax-exemption ruling in April 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, Verendrye Electric Trust Inc reported income of $69k and spending of $74k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $69k (-1.4%), an average of -1.4% a year. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Verendrye Electric Trust Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 19th percentile within ND. Charities of a similar size with the same main cause include Carlisle Rotary Club Foundation ($69k), Lorenze Fam Charitable TR ($69k) and Peter Powerhouse Foundation ($69k).

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 $30k against liabilities of $0, net assets of $30k.