Coastal Electric Trust

Analysis

Coastal Electric Trust is a registered charity in United States, based in Walterboro, SC. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Coastal Electric Trust reported income of $61k and spending of $44k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $61k (+4.4%), an average of +4.4% a year. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coastal Electric Trust sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 30th percentile within SC. Charities of a similar size with the same main cause include Quindaro Development Corporation ($61k), Amiga ($61k) and Mission Okolona Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.