Ely Area Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 746,123 | 664,306 | 81,817 | 34.7 | 30% |
| 2012 | 736,776 | 631,281 | 105,495 | 38.5 | 33% |
| 2013 | 727,464 | 657,492 | 69,972 | 38.2 | 33% |
| 2014 | 763,075 | 641,298 | 121,777 | 41.5 | 33% |
| 2015 | 809,302 | 648,161 | 161,141 | 422.7 | 30% |
| 2016 | 1,217,918 | 953,366 | 264,552 | 483.7 | 33% |
| 2017 | 1,387,861 | 1,126,970 | 260,891 | 412.0 | 30% |
| 2018 | 1,602,634 | 1,228,337 | 374,297 | 422.3 | 28% |
| 2019 | 1,798,838 | 1,333,059 | 465,779 | 393.3 | 26% |
| 2020 | 1,790,717 | 1,208,143 | 582,574 | 539.7 | 30% |
| 2021 | 1,880,737 | 1,363,430 | 517,307 | 556.0 | 27% |
| 2022 | 1,866,322 | 1,434,423 | 431,899 | 532.1 | 33% |
| 2023 | 2,330,009 | 1,373,789 | 956,220 | 567.3 | 0% |
In its most recent public year (2023), this organization brought in $956,220 more than it spent. Its reserves stood at about 567.3 months of spending, up from 34.7 in 2011. Staff pay was 0% 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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