Mission
TO DELIVER COMPETITIVELY PRICED, RELIABLE ENERGY AND INNOVATIVE RELATED SERVICES TO ITS MEMBERS AND TO PROVIDE LEADERSHIP AND SUPPORT TO THE COMMUNITIES WE SERVE
Public Charity
PALMETTO ELECTRIC COOPERATIVE INC
PALMETTO ELECTRIC COOPERATIVE INC, of RIDGELAND, SC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $194.8M in revenue, $194.8M in expenses, $321.1M in total assets.
EIN: 570221355
RIDGELAND, SC
Latest filing: 2024
Total Revenue$194.8M
Total Expenses$194.8M
Total Assets$321.1M
Grant Records0
Filing Years2019–2024
Where $100 goes at Palmetto Electric Cooperative Inc
How Palmetto Electric Cooperative Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$90
Programs
the work itself
$10
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $90 for programs
$90
To provide the best possible electric service to all who desire it within the system service area at the lowest price consistent with the highest standards of service
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
PRES. & CEO
A Berl Davis Jr
DIRECTOR
Alicia Holland
OPERATIONS M
Bruce K Draper
SECRETARY-TR
Carolyn Grant
DIRECTOR
David Howard
DIRECTOR
David L White
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $194.8M | $194.8M | $321.1M |
| 2023 | $182.9M | $182.9M | $297.8M |
| 2022 | $176.7M | $176.7M | $275.5M |
| 2020 | $174.4M | $174.4M | $259.3M |
| 2019 | $176.1M | $176.1M | $252.8M |
Between 2019 and 2024, reported annual revenue grew from $176.1M to $194.8M (+11%), with total assets most recently reported at $321.1M.
Interactive year-over-year charts and full filing details available with membership.