Sumter Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 330,946,105 | 324,246,629 | 6,699,476 | 6.8 | 1% |
| 2012 | 331,740,671 | 323,628,566 | 8,112,105 | 7.2 | 1% |
| 2013 | 341,327,105 | 331,300,444 | 10,026,661 | 7.5 | 1% |
| 2014 | 365,150,093 | 357,766,645 | 7,383,448 | 7.4 | 1% |
| 2015 | 375,983,823 | 367,892,484 | 8,091,339 | 7.8 | 1% |
| 2016 | 363,912,652 | 363,430,415 | 482,237 | 8.1 | 1% |
| 2017 | 370,783,876 | 369,589,950 | 1,193,926 | 8.2 | 1% |
| 2018 | 394,595,639 | 391,396,436 | 3,199,203 | 8.1 | 1% |
| 2019 | 399,700,663 | 393,190,316 | 6,510,347 | 8.5 | 1% |
| 2020 | 424,311,848 | 407,892,541 | 16,419,307 | 8.9 | 1% |
| 2021 | 440,111,118 | 426,958,048 | 13,153,070 | 9.1 | 1% |
| 2022 | 537,389,478 | 526,256,107 | 11,133,371 | 7.8 | 1% |
| 2023 | 482,988,385 | 472,468,328 | 10,520,057 | 9.3 | 1% |
In its most recent public year (2023), this organization brought in $10,520,057 more than it spent. Its reserves stood at about 9.3 months of spending, up from 6.8 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
Sumter Electric Cooperative Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works