Mid-Carolina Electric Trust

Analysis

Mid-Carolina Electric Trust is a registered charity in United States, based in Lexington, SC. It received its IRS tax-exemption ruling in July 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, Mid-Carolina Electric Trust reported income of $316k and spending of $326k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $295k to $316k (+7.1%), an average of +1.7% a year. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mid-Carolina Electric Trust sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include Coalinga Community Foundation ($316k), Casalena Foundation ($317k) and Tulsa Firefighters Benevolence Fund ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.