Mid-Carolina Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 117,124,006 | 117,124,006 | 0 | 4.9 | 1% |
| 2012 | 115,091,056 | 115,091,056 | 0 | 5.8 | 1% |
| 2013 | 114,945,190 | 114,945,190 | 0 | 5.9 | 1% |
| 2014 | 131,384,378 | 131,384,378 | 0 | 5.2 | 0% |
| 2015 | 121,198,189 | 121,198,189 | 0 | 5.7 | 0% |
| 2016 | 122,496,409 | 122,496,409 | 0 | 5.8 | 0% |
| 2017 | 125,282,082 | 125,282,082 | 0 | 5.8 | 1% |
| 2018 | 132,913,236 | 132,913,236 | 0 | 5.3 | 1% |
| 2019 | 132,579,704 | 132,579,704 | 0 | 6.0 | 1% |
| 2020 | 129,212,311 | 129,212,311 | 0 | 6.4 | 1% |
| 2021 | 130,746,610 | 130,746,610 | 0 | 6.7 | 1% |
| 2022 | 148,136,586 | 148,136,586 | 0 | 6.4 | 1% |
| 2023 | 144,829,639 | 144,829,639 | 0 | 7.1 | 1% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its reserves stood at about 7.1 months of spending, up from 4.9 in 2011. Staff pay was 1% 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
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