Central Electric Member Care Trust Inc

Analysis

Central Electric Member Care Trust Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in June 2017, 9 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, Central Electric Member Care Trust Inc reported income of $118k and spending of $105k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $118k (+2.4%), an average of +2.4% 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, Central Electric Member Care Trust Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Friends of Delta Beta Inc ($117k), Sportsmans Club of Joshua Tree Inc ($118k) and San Juan Islands Sculpture Park ($117k).

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 $64k against liabilities of $0, net assets of $64k.