Gulf Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10,653,434 | 13,179,778 | −2,526,344 | 9.3 | 27% |
| 2012 | 12,945,863 | 12,918,084 | 27,779 | 9.4 | 31% |
| 2013 | 15,988,613 | 12,832,549 | 3,156,064 | 10.6 | 33% |
| 2014 | 11,685,018 | 11,060,856 | 624,162 | 14.3 | 37% |
| 2015 | 10,657,646 | 11,668,288 | −1,010,642 | 12.0 | 35% |
| 2016 | 12,221,580 | 12,229,874 | −8,294 | 11.2 | 35% |
| 2017 | 12,567,212 | 12,638,235 | −71,023 | 10.6 | 35% |
| 2018 | 15,975,594 | 12,616,179 | 3,359,415 | 12.7 | 33% |
| 2019 | 15,232,486 | 11,254,657 | 3,977,829 | 21.3 | 38% |
| 2020 | 14,154,134 | 10,747,160 | 3,406,974 | 27.2 | 41% |
| 2021 | 15,838,269 | 9,775,315 | 6,062,954 | 34.8 | 44% |
| 2022 | 13,218,033 | 12,024,970 | 1,193,063 | 19.4 | 39% |
| 2023 | 16,948,632 | 14,605,125 | 2,343,507 | 18.6 | 36% |
In its most recent public year (2023), this organization brought in $2,343,507 more than it spent. Its reserves stood at about 18.6 months of spending, up from 9.3 in 2011. Staff pay was 36% 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
Gulf 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