South Plains Electric Trust

Analysis

South Plains Electric Trust is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in May 1993, 33 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, South Plains Electric Trust reported income of $239k and spending of $215k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $233k to $239k (+2.7%), an average of +2.7% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Plains Electric Trust 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 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Blessing Bags Project Inc ($239k), West Louisville Community Ministries Inc ($239k) and Chidamoyo Christian Hospital Inc ($239k).

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 $232k against liabilities of $23k, net assets of $209k.