School and Municipal Energy Cooperative of Western New York

Analysis

School and Municipal Energy Cooperative of Western New York is a registered charity in United States, based in West Seneca, NY. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, School and Municipal Energy Cooperative of Western New York reported income of $13.6m and spending of $13.7m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.8m to $13.6m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, School and Municipal Energy Cooperative of Western New York sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Legal Aid Society of Palm Beach County Inc ($13.6m), Economic Opportunity for Savannah Chatham County Area Inc ($13.7m) and Arc in Hawaii ($13.6m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $4.9m against liabilities of $1.8m, net assets of $3.2m.