Nueces Electric Charities Inc

Analysis

Nueces Electric Charities Inc is a registered charity in United States, based in Robstown, TX. It received its IRS tax-exemption ruling in September 1995, 31 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, Nueces Electric Charities Inc reported income of $150k and spending of $140k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $152k to $150k (-1.2%), an average of -1.2% a year. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nueces Electric Charities Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include The Brentwood Rotary Club Charitable Foundation ($150k), Impact Las Vegas Foundation Inc ($150k) and Vivid Gallery Inc ($150k).

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 $68k against liabilities of $2,500, net assets of $65k.