CLAY ELECTRIC COOPERATIVE INC
KEYSTONE HGTS, FL 32656 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $453,755,388 | $453,755,388 | $441,048,766 |
| FY2023 | $424,680,482 | $424,680,482 | $420,616,092 |
| FY2022 | $477,827,474 | $477,827,474 | $408,538,366 |
| FY2021 | $374,561,378 | $374,561,378 | $392,609,606 |
| FY2020 | $379,786,896 | $379,786,896 | $376,997,405 |
| FY2019 | $377,488,353 | $377,488,353 | $384,197,225 |
| FY2018 | $381,355,614 | $381,355,614 | $371,040,122 |
| FY2017 | $364,428,530 | $364,428,530 | $366,773,137 |
| FY2016 | $367,942,236 | $367,942,236 | $356,117,027 |
| FY2015 | $372,327,733 | $372,327,733 | $338,145,759 |
| FY2014 | $378,395,924 | $378,395,924 | $322,843,582 |
| FY2013 | $346,478,523 | $346,478,523 | $296,828,600 |
| FY2012 | $342,401,468 | $342,401,468 | $289,552,687 |
| FY2011 | $364,976,878 | $364,976,878 | $286,710,480 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $453,478,060 | 100% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Net assets covered about 11.7 months of expenses at the end of the reporting year. That puts it in the 51st percentile among 326 Public & Societal Benefit organizations in FL.
- Total revenue was higher than 99.7% of 336 Public & Societal Benefit organizations in FL.
- Total revenue rose from $364,976,878 in FY2011 to $453,755,388 in FY2024, Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- The highest revenue on record here is $477,827,474 in FY2022.
- Net assets grew from $286,710,480 to $441,048,766 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 EXCEED THE EXPECTATIONS OF OUR MEMBERS BY PROVIDING EXCELLENT CUSTOMER SERVICE AND RELIABLE ELECTRIC SERVICES AT COMPETITIVE RATES WHILE MAINTAINING THE FINANCIAL STABILITY OF THE COOPERATIVE.
IRS status
| Ruling year | 1959 |
| Subsection | 501(c)(12) |
| Program area (NTEE) | W80Z — Public & Societal Benefit |
Similar organizations
- ADDITION FINANCIAL CREDIT UNION — LAKE MARY, FL · $172,550,204
- ITHINK FINANCIAL CREDIT UNION — DELRAY BEACH, FL · $133,877,746
- STATE CHARTERED CREDIT UNIONS IN FLORIDA — ROCKLEDGE, FL · $78,734,084
- SUNCOAST CREDIT UNION — TAMPA, FL · $1,106,877,469
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.