Max Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 78,182,943 | 67,246,495 | 10,936,448 | 39.5 | 31% |
| 2021 | 76,797,432 | 60,006,358 | 16,791,074 | 43.6 | 36% |
| 2022 | 81,267,225 | 62,954,777 | 18,312,448 | 26.7 | 35% |
| 2023 | 110,340,417 | 84,301,649 | 26,038,768 | 25.5 | 27% |
In its most recent public year (2023), this organization brought in $26,038,768 more than it spent. Its reserves stood at about 25.5 months of spending, down from 39.5 in 2020. Staff pay was 27% 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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