Carroll Electric Membership Foundat Ion Inc

Analysis

Carroll Electric Membership Foundat Ion Inc is a registered charity in United States, based in Carrollton, GA. It received its IRS tax-exemption ruling in September 2002, 24 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, Carroll Electric Membership Foundat Ion Inc reported income of $274k and spending of $317k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $274k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Carroll Electric Membership Foundat Ion Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within GA. Charities of a similar size with the same main cause include United Way of Forsyth County Foundation ($274k), Friends of Malta House ($274k) and Loma Prieta Community Foundation ($274k).

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 $251k against liabilities of $0, net assets of $251k.