Ideal Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 26,482,587 | 23,906,218 | 2,576,369 | 21.4 | 28% |
| 2012 | 25,919,841 | 22,983,027 | 2,936,814 | 23.6 | 31% |
| 2013 | 25,878,268 | 22,498,016 | 3,380,252 | 26.6 | 33% |
| 2014 | 26,008,253 | 22,846,249 | 3,162,004 | 27.1 | 35% |
| 2015 | 27,343,798 | 23,399,383 | 3,944,415 | 28.2 | 35% |
| 2016 | 29,955,438 | 25,087,083 | 4,868,355 | 28.6 | 34% |
| 2017 | 32,591,582 | 27,091,041 | 5,500,541 | 30.0 | 36% |
| 2018 | 35,215,954 | 30,045,578 | 5,170,376 | 28.8 | 36% |
| 2019 | 39,712,454 | 34,708,230 | 5,004,224 | 26.7 | 35% |
| 2020 | 42,029,968 | 35,945,422 | 6,084,546 | 27.8 | 4% |
| 2021 | 42,764,424 | 35,667,347 | 7,097,077 | 30.9 | 39% |
| 2022 | 48,171,673 | 41,131,666 | 7,040,007 | 29.2 | 38% |
| 2023 | 56,178,125 | 50,638,586 | 5,539,539 | 24.6 | 32% |
In its most recent public year (2023), this organization brought in $5,539,539 more than it spent. Its reserves stood at about 24.6 months of spending, up from 21.4 in 2011. Staff pay was 32% 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
Ideal Credit Union'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