Iq Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 75,016,143 | 59,297,085 | 15,719,058 | 27.8 | 36% |
| 2021 | 77,633,682 | 58,167,316 | 19,466,366 | 31.8 | 36% |
| 2022 | 92,392,104 | 68,013,244 | 24,378,860 | 29.6 | 36% |
| 2023 | 114,383,646 | 108,295,755 | 6,087,891 | 19.9 | 26% |
In its most recent public year (2023), this organization brought in $6,087,891 more than it spent. Its reserves stood at about 19.9 months of spending, down from 27.8 in 2020. 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
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