Aiken Electric Trust

Analysis

Aiken Electric Trust is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in November 2001, 25 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 May 2024, Aiken Electric Trust reported income of $89k and spending of $59k, leaving 34% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income fell from $98k to $89k (-8.6%), an average of -8.6% a year. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aiken Electric Trust sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 40th percentile within SC. Charities of a similar size with the same main cause include Pullman Rotary Charity ($89k), Philharmonic Foundation of Orange County TR ($89k) and Missouri Assoc of County Transportation Officials ($89k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $174k against liabilities of $0, net assets of $174k.