Bandera Electric Charitable Foundation

Analysis

Bandera Electric Charitable Foundation is a registered charity in United States, based in Bandera, TX. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bandera Electric Charitable Foundation reported income of $91k and spending of $62k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $91k (+0.7%), an average of +0.7% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bandera Electric Charitable Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Clipper Tots Daycare ($91k), One Life to Give ($91k) and Sister Margaret Freeman Foundation Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 120% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.