Slemco Electric Foundation

Analysis

Slemco Electric Foundation is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in June 1995, 31 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, Slemco Electric Foundation reported income of $503k and spending of $477k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $464k to $503k (+8.5%), an average of +2.1% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Slemco Electric Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within LA. Charities of a similar size with the same main cause include Mary J Treglia Community House ($503k), Good Shepherd Childrens Home ($503k) and Lakewood Kesher Inc ($503k).

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 $146k against liabilities of $14k, net assets of $132k.