Ignite Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 11,872,214 | 11,747,035 | 125,179 | 17.9 | 37% |
| 2021 | 12,892,279 | 11,999,280 | 892,999 | 18.2 | 36% |
| 2022 | 13,169,848 | 12,477,470 | 692,378 | 17.3 | 33% |
| 2023 | 18,467,433 | 15,279,739 | 3,187,694 | 15.9 | 29% |
In its most recent public year (2023), this organization brought in $3,187,694 more than it spent. Its reserves stood at about 15.9 months of spending, down from 17.9 in 2020. Staff pay was 29% 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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