Laurens Electric Cooperative Inc
Laurens, SC 29360 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $163,057,774 | $163,057,774 | $118,678,818 |
| FY2023 | $148,922,807 | $148,922,807 | $112,926,239 |
| FY2022 | $148,035,106 | $148,035,106 | $104,376,219 |
| FY2021 | $144,172,807 | $144,172,807 | $104,962,488 |
| FY2020 | $139,112,722 | $139,112,722 | $90,510,623 |
| FY2019 | $142,209,408 | $142,209,408 | $74,926,602 |
| FY2018 | $144,879,548 | $144,879,548 | $72,024,214 |
| FY2017 | $133,088,013 | $133,088,013 | $65,473,663 |
| FY2016 | $131,794,573 | $131,794,573 | $60,634,653 |
| FY2015 | $128,133,067 | $128,133,067 | $58,341,043 |
| FY2014 | $128,485,033 | $128,485,033 | $52,613,179 |
| FY2013 | $119,720,642 | $119,720,642 | $46,674,728 |
| FY2012 | $113,985,534 | $113,985,534 | $42,533,101 |
| FY2011 | $115,789,200 | $115,789,200 | $43,206,300 |
Form 990 filings
The returns filed by Laurens Electric Cooperative Inc (EIN 57-0196563), 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 | $161,660,266 | 99% |
| Other revenue | $1,397,508 | 1% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Net assets covered about 8.7 months of expenses at the end of the reporting year. That puts it in the 35th 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 $115,789,200 in FY2011 to $163,057,774 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets grew from $43,206,300 to $118,678,818 between FY2011 and FY2024.
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
TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
IRS status
| Ruling year | 1942 |
| Subsection | 501(c)(12) |
| Program area (NTEE) | W80 — Public & Societal Benefit |
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- 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.
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