Berkeley Electric Trust

Analysis

Berkeley Electric Trust is a registered charity in United States, based in Moncks Corner, SC. It received its IRS tax-exemption ruling in January 1994, 32 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, Berkeley Electric Trust reported income of $650k and spending of $659k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $435k to $650k (+49%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Berkeley Electric Trust sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Montgomery County Parks Foundation Inc ($650k), University Hospital Foundation ($651k) and 1870 Crotona Avenue Housing Development Fund Corporation ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (2.7% of expenses). At year end it held assets of $80k against liabilities of $0, net assets of $80k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.