Ocean State Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 13,484,205 | 13,607,066 | −122,861 | 16.6 | 26% |
| 2012 | 12,633,797 | 11,327,320 | 1,306,477 | 21.3 | 27% |
| 2013 | 11,571,077 | 10,698,260 | 872,817 | 22.7 | 26% |
| 2014 | 11,124,509 | 10,522,955 | 601,554 | 23.7 | 25% |
| 2015 | 11,737,634 | 10,688,239 | 1,049,395 | 24.6 | 21% |
| 2016 | 11,832,863 | 10,708,561 | 1,124,302 | 25.8 | 18% |
| 2017 | 11,851,814 | 10,270,419 | 1,581,395 | 28.8 | 27% |
| 2018 | 12,318,962 | 10,486,323 | 1,832,639 | 30.3 | 29% |
| 2019 | 13,270,542 | 11,638,936 | 1,631,606 | 29.1 | 30% |
| 2020 | 15,471,202 | 12,449,742 | 3,021,460 | 30.2 | 26% |
| 2021 | 14,903,508 | 11,224,786 | 3,678,722 | 37.4 | 29% |
| 2022 | 13,825,699 | 11,859,406 | 1,966,293 | 37.3 | 29% |
| 2023 | 16,179,714 | 14,819,328 | 1,360,386 | 30.7 | 26% |
In its most recent public year (2023), this organization brought in $1,360,386 more than it spent. Its reserves stood at about 30.7 months of spending, up from 16.6 in 2011. Staff pay was 26% 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
Ocean State 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