Sumter Electric Membership Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 48,538,837 | 48,538,837 | 0 | 11.6 | 1% |
| 2012 | 46,631,927 | 46,631,927 | 0 | 12.8 | 1% |
| 2013 | 45,885,354 | 45,885,354 | 0 | 13.4 | 1% |
| 2014 | 50,133,906 | 50,133,906 | 0 | 12.8 | 4% |
| 2015 | 49,443,515 | 49,443,515 | 0 | 13.7 | 1% |
| 2016 | 51,635,062 | 51,635,062 | 0 | 13.3 | 1% |
| 2017 | 49,677,740 | 49,677,740 | 0 | 14.9 | 1% |
| 2018 | 51,885,453 | 51,885,453 | 0 | 14.9 | 1% |
| 2019 | 52,423,379 | 52,423,379 | 0 | 15.2 | 1% |
| 2020 | 49,884,134 | 49,884,135 | −1 | 16.6 | 1% |
| 2021 | 48,304,488 | 48,304,488 | 0 | 17.6 | 1% |
| 2022 | 52,467,465 | 52,467,465 | 0 | 16.8 | 1% |
| 2023 | 53,360,558 | 53,360,558 | 0 | 17.3 | 1% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its reserves stood at about 17.3 months of spending, up from 11.6 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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