Wiregrass Electric Cooperative Inc Charitable Foundation Inc

Analysis

Wiregrass Electric Cooperative Inc Charitable Foundation Inc is a registered charity in United States, based in Hartford, AL. It received its IRS tax-exemption ruling in December 2015, 11 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, Wiregrass Electric Cooperative Inc Charitable Foundation Inc reported income of $190k and spending of $209k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $190k (+4.9%), an average of +4.9% 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, Wiregrass Electric Cooperative Inc Charitable Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within AL. Charities of a similar size with the same main cause include Metro Area Youth Foundation Inc ($190k), Clarion Foundation for Community Improvement Inc ($190k) and Above and Beyond Foundation ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $78k against liabilities of $47k, net assets of $31k.