Michigan Credit Union Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 84,805 | 121,679 | −36,874 | 62.5 | 0% |
| 2012 | 98,231 | 101,518 | −3,287 | 74.5 | 0% |
| 2013 | 117,305 | 119,390 | −2,085 | 63.1 | 0% |
| 2014 | 121,566 | 142,031 | −20,465 | 51.3 | 0% |
| 2015 | 141,904 | 136,420 | 5,484 | 53.9 | 0% |
| 2016 | 148,056 | 169,251 | −21,195 | 42.0 | 0% |
| 2017 | 177,338 | 177,923 | −585 | 39.9 | 0% |
| 2018 | 235,007 | 186,513 | 48,494 | 41.2 | 0% |
| 2019 | 256,230 | 242,462 | 13,768 | 32.3 | 0% |
| 2020 | 611,348 | 440,992 | 170,356 | 22.4 | 0% |
| 2021 | 309,432 | 165,222 | 144,210 | 70.3 | 0% |
| 2022 | 347,118 | 232,516 | 114,602 | 55.9 | 0% |
| 2023 | 432,747 | 241,548 | 191,199 | 63.3 | 0% |
In its most recent public year (2023), this organization brought in $191,199 more than it spent. Its reserves stood at about 63.3 months of spending. Staff pay was 0% of spending. $175,772 of its net assets are donor-restricted.
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
Michigan Credit Union Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works