Craig-botetourt Electric Co-operative
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Craig-botetourt Electric Co-operative is a 501(c)(12) organization based in New Castle, Virginia, registered in 1938, with $20,003,856 in FY2024 revenue. CharityIndex grades it B.
26198 Craigs Creek Rd, New Castle, VA, 24127 EIN 54-0183175 Since 1938
Revenue (FY2024)
$20.0M
▲ 16.9% vs prior year
Expenses (FY2024)
$17.0M
Net assets
$14.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Craig-botetourt Electric Co-operative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Craig-botetourt Electric Co-operative: 10 mo reserves · +15% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Craig-botetourt Electric Co-operative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Craig-botetourt Electric Co-operative: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 26198 Craigs Creek Rd, New Castle, VA, 24127
- City
- New Castle
- State
- Virginia
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $12.2M (FY2013) to $20.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $32.2MNet assets $14.7M
Operating margin
14.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$46.9M
Total liabilities
$32.2M
Net assets
$14.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $20,003,856▲16.9% | $17,026,807▲12.9% | $14,699,156▲2.2% | $46,930,571▲9.4% | 990 |
| 2023 | $17,118,120▲8.9% | $15,087,695▼1.4% | $14,382,864▲6.0% | $42,885,957▲3.8% | 990 |
| 2022 | $15,725,716▲13.4% | $15,306,059▲11.4% | $13,569,033▼6.2% | $41,328,881▲9.6% | 990 |
| 2021 | $13,868,268▲1.5% | $13,736,144▲8.5% | $14,469,215▲5.9% | $37,707,997▲2.3% | 990 |
| 2020 | $13,661,501▼0.1% | $12,657,851▼6.3% | $13,657,115▲5.1% | $36,850,152▲6.9% | 990 |
| 2019 | $13,676,113▲3.4% | $13,506,862▲5.0% | $12,991,472▼0.8% | $34,470,735▲4.8% | 990 |
| 2018 | $13,228,024▲9.0% | $12,857,662▲8.7% | $13,090,578▲2.1% | $32,892,039▲6.2% | 990 |
| 2017 | $12,138,678▼1.7% | $11,823,986▲0.8% | $12,822,214▲2.2% | $30,968,900▲3.4% | 990 |
| 2016 | $12,353,486▼0.4% | $11,729,236▼9.9% | $12,542,173▲4.5% | $29,951,125▲1.7% | 990 |
| 2015 | $12,399,107▼1.5% | $13,018,219▲9.0% | $12,005,873▼6.1% | $29,452,530▼7.1% | 990 |
| 2014 | $12,589,359▲3.1% | $11,946,637▲5.6% | $12,783,527▲3.8% | $31,690,508▼0.8% | 990 |
| 2013 | $12,214,220 | $11,309,269▼2.8% | $12,320,866▲6.9% | $31,947,891▲10.9% | 990 |
| 2012 | — | $11,635,775▼8.5% | $11,524,942▲4.6% | $28,811,998▲0.2% | 990 |
| 2011 | — | $12,716,065▲16.5% | $11,016,837▼8.4% | $28,750,440▼3.6% | 990 |
| 2010 | — | $10,914,439 | $12,026,777 | $29,811,369 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Craig-botetourt Electric Co-operative a legitimate nonprofit?
- Yes. Craig-botetourt Electric Co-operative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 54-0183175, based in New Castle, Virginia.
- What is Craig-botetourt Electric Co-operative's EIN?
- Craig-botetourt Electric Co-operative's Employer Identification Number (EIN) is 54-0183175.
- How much revenue does Craig-botetourt Electric Co-operative report?
- Craig-botetourt Electric Co-operative reported $20,003,856 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Craig-botetourt Electric Co-operative have?
- CharityIndex grades Craig-botetourt Electric Co-operative B, based on financial health (reserves and operating margin).
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Data for Craig-botetourt Electric Co-operative (EIN 54-0183175) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.