Education Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 11,144,739 | 9,111,108 | 2,033,631 | 26.9 | 34% |
| 2012 | 13,141,804 | 9,877,063 | 3,264,741 | 28.8 | 34% |
| 2013 | 15,385,278 | 12,299,873 | 3,085,405 | 26.1 | 31% |
| 2014 | 16,415,383 | 14,803,492 | 1,611,891 | 24.0 | 30% |
| 2015 | 17,866,755 | 16,597,743 | 1,269,012 | 22.6 | 34% |
| 2016 | 18,446,468 | 16,313,648 | 2,132,820 | 24.5 | 34% |
| 2017 | 19,163,938 | 17,596,074 | 1,567,864 | 23.8 | 34% |
| 2018 | 20,795,991 | 18,954,260 | 1,841,731 | 23.2 | 34% |
| 2019 | 22,634,978 | 19,952,663 | 2,682,315 | 23.8 | 31% |
| 2020 | 22,720,383 | 20,709,413 | 2,010,970 | 24.1 | 33% |
| 2021 | 24,947,784 | 20,987,764 | 3,960,020 | 26.0 | 37% |
| 2022 | 29,329,321 | 26,581,499 | 2,747,822 | 21.1 | 34% |
| 2023 | 37,228,551 | 36,435,953 | 792,598 | 18.0 | 28% |
In its most recent public year (2023), this organization brought in $792,598 more than it spent. Its reserves stood at about 18 months of spending, down from 26.9 in 2011. Staff pay was 28% 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
Education 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