Midwest Coalition Of Labor Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,064,692 | 1,698,148 | 366,544 | 37.8 | 0% |
| 2020 | 2,218,664 | 1,669,477 | 549,187 | 42.4 | 0% |
| 2021 | 2,991,161 | 1,990,307 | 1,000,854 | 41.6 | 0% |
| 2022 | 3,088,502 | 2,112,654 | 975,848 | 44.7 | 29% |
| 2023 | 3,808,388 | 2,670,068 | 1,138,320 | 40.5 | 26% |
In its most recent public year (2023), this organization brought in $1,138,320 more than it spent. Its reserves stood at about 40.5 months of spending, up from 37.8 in 2019. Staff pay was 26% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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