NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION
RALEIGH, NC 27616 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $1,402,413,754 | $1,372,413,754 | $450,236,076 |
| FY2024 | $1,251,544,262 | $1,221,544,262 | $420,368,512 |
| FY2023 | $1,171,919,581 | $1,141,919,581 | $389,480,228 |
| FY2022 | $1,247,913,136 | $1,217,913,136 | $360,238,747 |
| FY2021 | $1,170,744,231 | $1,140,744,231 | $322,215,963 |
| FY2020 | $1,109,305,874 | $1,079,305,874 | $288,773,719 |
| FY2019 | $1,219,103,028 | $1,189,103,028 | $259,421,627 |
| FY2018 | $1,210,648,659 | $1,180,648,659 | $262,867,287 |
| FY2017 | $1,037,460,980 | $1,014,460,980 | $246,638,177 |
| FY2016 | $1,032,616,755 | $1,009,616,755 | $202,643,166 |
| FY2015 | $1,110,165,545 | $1,088,364,328 | $177,110,350 |
| FY2014 | $1,133,255,545 | $1,115,813,245 | $169,291,076 |
| FY2013 | $1,054,211,486 | $1,036,269,868 | $144,034,649 |
| FY2012 | $1,053,367,122 | $1,035,773,398 | $113,314,777 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $1,375,147,305 | 100% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Net assets covered about 3.9 months of expenses at the end of the reporting year. That puts it in the 10th percentile among 63 Mutual & Membership Benefit organizations in NC.
- Total revenue was higher than 101.5% of 65 Mutual & Membership Benefit organizations in NC.
- Total revenue rose from $1,053,367,122 in FY2012 to $1,402,413,754 in FY2025, Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $113,314,777 to $450,236,076 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
SALE OF ELECTRIC POWER TO NC DISTRIBUTION MEMBER COOPERATIVES.
IRS status
| Ruling year | 2000 |
| 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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