Horry Electric Cooperative Inc
Conway, SC 29528 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $220,610,363 | $220,610,363 | $231,430,395 |
| FY2024 | $215,739,609 | $215,739,609 | $221,745,724 |
| FY2023 | $203,480,097 | $203,480,097 | $211,455,115 |
| FY2022 | $183,800,746 | $183,800,746 | $203,275,347 |
| FY2021 | $174,982,022 | $174,982,022 | $201,032,307 |
| FY2020 | $170,342,849 | $170,342,849 | $192,495,267 |
| FY2019 | $173,828,705 | $173,828,705 | $169,117,109 |
| FY2018 | $180,090,688 | $180,090,688 | $142,712,801 |
| FY2017 | $166,989,743 | $166,989,743 | $136,846,169 |
| FY2016 | $160,141,777 | $160,141,777 | $122,185,752 |
| FY2015 | $158,071,381 | $158,071,381 | $109,225,488 |
| FY2014 | $155,935,677 | $155,935,677 | $96,779,516 |
| FY2013 | $144,061,204 | $144,061,204 | $85,033,902 |
| FY2012 | $135,335,855 | $135,335,855 | $79,695,109 |
Form 990 filings
The returns filed by Horry Electric Cooperative Inc (EIN 57-0184136), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $213,909,593 | 97% |
| Other revenue | $6,700,770 | 3% |
What the numbers show
- Program service revenue made up 97% of total revenue in FY2025.
- Net assets covered about 12.6 months of expenses at the end of the reporting year. That puts it in the 43rd percentile among 99 Public & Societal Benefit organizations in SC.
- Total revenue was the highest among 105 Public & Societal Benefit organizations in SC.
- Total revenue rose from $135,335,855 in FY2012 to $220,610,363 in FY2025. Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $79,695,109 to $231,430,395 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
HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS.
IRS status
| Ruling year | 1942 |
| Subsection | 501(c)(12) |
| Program area (NTEE) | W80 — Public & Societal Benefit |
Similar organizations
- Laurens Electric Cooperative Inc — Laurens, SC · $163,057,774
- Edisto Electric Cooperative Inc — Bamberg, SC · $69,615,546
- South Carolina Student Loan Corporation — Columbia, SC · $58,364,992
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.