Nuvista Light & Electric Cooperative Inc

Analysis

Nuvista Light & Electric Cooperative Inc is a registered charity in United States, based in Bethel, AK. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Nuvista Light & Electric Cooperative Inc reported income of $220k and spending of $308k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $400k to $220k (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 761%. Over the whole period it spent 38% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nuvista Light & Electric Cooperative Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 51st percentile within AK. Charities of a similar size with the same main cause include Toba Foundation Inc ($220k), Spokane Interstate Livestock Boosters ($221k) and Cusavers Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $125k (41% of expenses). Other salaries and wages came to $74k. At year end it held assets of $4.5m against liabilities of $15k, net assets of $4.5m. It reported 2 employees.