Snapping Shoals Electric Trust Inc

Analysis

Snapping Shoals Electric Trust Inc is a registered charity in United States, based in Covington, GA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Snapping Shoals Electric Trust Inc reported income of $493k and spending of $488k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $403k to $493k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Snapping Shoals Electric Trust Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($492k), Beheard ($493k) and Taylor Brown Housing Development Fund Company Inc ($492k).

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 $158k against liabilities of $0, net assets of $158k.