Mecklenburg Electric Cooperative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 73,375,173 | 72,927,875 | 447,298 | 11.8 | 7% |
| 2020 | 67,819,521 | 65,983,492 | 1,836,029 | 14.6 | 7% |
| 2021 | 70,294,200 | 66,533,483 | 3,760,717 | 15.5 | 7% |
| 2022 | 100,631,363 | 92,927,030 | 7,704,333 | 11.7 | 11% |
| 2023 | 114,290,002 | 106,224,449 | 8,065,553 | 10.9 | 10% |
In its most recent public year (2023), this organization brought in $8,065,553 more than it spent. Its reserves stood at about 10.9 months of spending. Staff pay was 10% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works