Carteret-Craven Electric Foundation

Analysis

Carteret-Craven Electric Foundation is a registered charity in United States, based in Newport, NC. It received its IRS tax-exemption ruling in August 1999, 27 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 June 2024, Carteret-Craven Electric Foundation reported income of $152k and spending of $184k, spending 121% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $149k to $152k (+1.9%), an average of +1.9% a year. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Carteret-Craven Electric Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Diaspora Foundation ($152k), Minnesota Valley Electric Trust ($152k) and Self Enhancement Foundation ($152k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $182k against liabilities of $0, net assets of $182k.