Choptank Electric Trust Inc

Analysis

Choptank Electric Trust Inc is a registered charity in United States, based in Denton, MD. It received its IRS tax-exemption ruling in June 2003, 23 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, Choptank Electric Trust Inc reported income of $324k and spending of $336k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $324k (+3.3%), an average of +0.8% a year. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Choptank Electric Trust Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Floridas Natural Growers Foundation Inc ($324k), Petty Family Foundation Inc ($324k) and Health Foundation of Greater Massillon ($324k).

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 $62k against liabilities of $16k, net assets of $46k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.