Wood County Electric Charitable Foundation

Analysis

Wood County Electric Charitable Foundation is a registered charity in United States, based in Quitman, TX. 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, Wood County Electric Charitable Foundation reported income of $125k and spending of $126k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $125k (+1.9%), an average of +1.9% a year. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wood County Electric Charitable Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include San Diego County Employees Charitable Organization ($125k), Claiborne Electric Cooperative Pera ($125k) and Covington Community Chest ($125k).

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 $32k against liabilities of $0, net assets of $32k.