Walton Electric Trust Inc

Analysis

Walton Electric Trust Inc is a registered charity in United States, based in Monroe, GA. It received its IRS tax-exemption ruling in September 1998, 28 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 June 2023, Walton Electric Trust Inc reported income of $1.7m and spending of $1.3m, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.7m (+20%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Walton Electric Trust Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Early Childhood Council Leadership Alliance ($1.7m), The Water Trust Inc ($1.7m) and Marion County Commission on Youth Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. At year end it held assets of $5.4m against liabilities of $0, net assets of $5.4m.