CSCharityScored
90

Wake Electric Membership Corp

Other · Wake Forest, North Carolina

Po Box 1229, Wake Forest, NC 27588-1229

EIN: 560440935· Founded: Mar 1961· 65 years active· Filing Year: 2023

Annual Revenue

$105.7M

Total Expenses

$105.7M

Total Assets

$315.4M

Program Spending

99%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$1.3M

1.2% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$5.3M

Total Payroll

$6.6M

6% of total expenses

Where the Money Goes

99%
Programs: 99%
Payroll: 6%
Other overhead: 1%
Program Revenue$104.5M (99%)
Total Expenses$105.7M (100%)
Payroll$6.6M (6%)
Overhead (non-program)1%

Trust Score Breakdown

Program Spending Ratio

99% of expenses go to programs

40%

Revenue & Stability

$105.7M annual revenue

15%

Executive Compensation

$1.3M total officer comp (1.2% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$315.4M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.