North Dakota Rural Electric Cooperatives Foundation

Analysis

North Dakota Rural Electric Cooperatives Foundation is a registered charity in United States, based in Mandan, ND. It received its IRS tax-exemption ruling in November 2019, 7 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, North Dakota Rural Electric Cooperatives Foundation reported income of $125k and spending of $109k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $125k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 165% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Dakota Rural Electric Cooperatives Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 34th percentile within ND. Charities of a similar size with the same main cause include Snack in a Backpack Inc ($125k), Treasure Shop ($125k) and Lufkin Isd Education Foundation ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $49k against liabilities of $27k, net assets of $22k.