Runestone Electric Community Trust

Analysis

Runestone Electric Community Trust is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Runestone Electric Community Trust reported income of $56k and spending of $55k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $57k to $56k (-2.8%), an average of -2.8% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Runestone Electric Community 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 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Volunteers of America Inc ($56k), Northern California Rugby Football Union Referee Society ($56k) and Ruth Hawes Tuw Ivinson Memorial Hospital Laramie Wyoming ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,572 against liabilities of $0, net assets of $9,572.