PALMETTO ELECTRIC COOPERATIVE INC
RIDGELAND, SC 29936 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $194,786,503 | $194,786,503 | $104,705,735 |
| FY2023 | $182,854,455 | $182,854,455 | $101,953,851 |
| FY2022 | $176,682,472 | $176,682,472 | $99,022,592 |
| FY2021 | $171,925,087 | $171,925,087 | $99,022,981 |
| FY2020 | $174,377,633 | $174,377,633 | $95,494,529 |
| FY2019 | $176,082,191 | $176,082,191 | $89,412,216 |
| FY2018 | $176,179,734 | $176,179,734 | $85,271,620 |
| FY2017 | $171,076,080 | $171,076,080 | $77,451,247 |
| FY2016 | $166,959,918 | $166,959,918 | $76,001,013 |
| FY2015 | $170,877,993 | $170,877,993 | $77,411,936 |
| FY2014 | $176,802,688 | $176,802,688 | $79,867,889 |
| FY2013 | $163,743,236 | $163,743,236 | $81,274,321 |
| FY2012 | $154,384,232 | $154,384,232 | $78,286,029 |
| FY2011 | $162,045,298 | $162,045,298 | $74,981,739 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $194,731,033 | 100% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Net assets covered about 6.5 months of expenses at the end of the reporting year.
- Total revenue rose from $162,045,298 in FY2011 to $194,786,503 in FY2024, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets grew from $74,981,739 to $104,705,735 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 DELIVER COMPETITIVELY PRICED, RELIABLE ENERGY AND INNOVATIVE RELATED SERVICES TO ITS MEMBERS AND TO PROVIDE LEADERSHIP AND SUPPORT TO THE COMMUNITIES WE SERVE
IRS status
| Ruling year | 1944 |
| Subsection | 501(c)(12) |
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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