Latvian Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 249,298 | 236,522 | 12,776 | 18.5 | 1% |
| 2012 | 235,688 | 191,269 | 44,419 | 25.6 | 2% |
| 2013 | 275,159 | 225,159 | 50,000 | 24.4 | 2% |
| 2014 | 257,739 | 215,863 | 41,876 | 27.8 | 53% |
| 2015 | 282,661 | 244,140 | 38,521 | 26.5 | 49% |
| 2016 | 249,236 | 241,441 | 7,795 | 27.2 | 49% |
| 2017 | 224,691 | 218,215 | 6,476 | 30.4 | 48% |
| 2018 | 232,984 | 232,712 | 272 | 28.5 | 51% |
| 2019 | 246,028 | 243,194 | 2,834 | 27.4 | 48% |
| 2020 | 281,477 | 263,234 | 18,243 | 26.2 | 45% |
| 2021 | 279,130 | 286,273 | −7,143 | 23.8 | 43% |
| 2022 | 254,115 | 252,240 | 1,875 | 27.1 | 50% |
| 2023 | 303,380 | 300,409 | 2,971 | 22.8 | 44% |
In its most recent public year (2023), this organization brought in $2,971 more than it spent. Its reserves stood at about 22.8 months of spending, up from 18.5 in 2011. Staff pay was 44% 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
Latvian 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