BLUEGRASS ENERGY COOPERATIVE CORP
NICHOLASVILLE, KY 40340 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $176,652,522 | $176,652,522 | $178,290,720 |
| FY2024 | $159,627,024 | $159,627,024 | $169,980,026 |
| FY2023 | $151,939,523 | $151,939,523 | $169,861,729 |
| FY2022 | $163,075,358 | $163,075,358 | $166,736,841 |
| FY2021 | $133,079,977 | $133,079,977 | $159,238,594 |
| FY2020 | $122,260,652 | $122,260,652 | $153,867,967 |
| FY2019 | $132,758,328 | $132,758,328 | $144,689,729 |
| FY2018 | $139,191,815 | $139,191,815 | $136,752,777 |
| FY2017 | $125,326,693 | $125,326,693 | $125,291,594 |
| FY2016 | $133,679,473 | $133,679,473 | $118,561,488 |
| FY2015 | $131,431,510 | $131,431,510 | $106,683,556 |
| FY2014 | $140,049,247 | $140,049,247 | $98,296,320 |
| FY2013 | $136,449,557 | $136,449,557 | $88,475,697 |
| FY2012 | $125,456,551 | $125,456,551 | $79,217,359 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $168,898,470 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $176,652,522 | 100% |
| Management & general | $0 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2025. That is higher than 66.4% of 110 Mutual & Membership Benefit organizations nationwide (too few in KY for a state comparison).
- Net assets covered about 12.1 months of expenses at the end of the reporting year. That puts it in the 17th percentile among 41 Mutual & Membership Benefit organizations in KY.
- Total revenue was higher than 102.4% of 41 Mutual & Membership Benefit organizations in KY.
- Total revenue rose from $125,456,551 in FY2012 to $176,652,522 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $79,217,359 to $178,290,720 between FY2012 and FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SINCE 1937, BLUE GRASS ENERGY HAS BEEN MAKING LIFE BETTER, THE COOPERATIVE WAY, FOR OUR MEMBERS AND COMMUNITIES BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ENERGY SERVICES. ELECTRICITY IS DELIVERED ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.
IRS status
| Ruling year | 2002 |
| Subsection | 501(c)(12) |
| Program area (NTEE) | Y22 — Mutual & Membership Benefit |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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