Santee Electric Trust Inc

Analysis

Santee Electric Trust Inc is a registered charity in United States, based in Kingstree, SC. It received its IRS tax-exemption ruling in July 1998, 28 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, Santee Electric Trust Inc reported income of $349k and spending of $414k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $349k (+120%), an average of +120% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Santee Electric Trust Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Searider Productions Foundation ($349k), A L M Charities ($350k) and Augusta Jewish Federation ($349k).

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 $90k against liabilities of $0, net assets of $90k.