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nonprofit · EIN 56-2180770 · NC

How much does LATINO COMMUNITY CREDIT UNION raise and spend?

LATINO COMMUNITY CREDIT UNION (NC, EIN 56-2180770) reported $73.4M in revenue and $52.6M in expenses for tax year 2023, with $129.4M in net assets (29.5 months of reserves). By expenses that ranks 7,484 of 539,974 e-filers, 145 of 14,148 nonprofits in north carolina.

REVENUE: $73.4MEXPENSES: $52.6MRESERVES: 29.5 months5 filings

Cite: FACTANKER, https://factanker.com/nonprofit/562180770-latino-community-credit-union

What stands out

LATINO COMMUNITY CREDIT UNION (NC, EIN 56-2180770) reported $73.4M in revenue and $52.6M in expenses for tax year 2023, with $129.4M in net assets (29.5 months of reserves). By expenses that ranks 7,484 of 539,974 e-filers, 145 of 14,148 nonprofits in north carolina. Against nonprofits with $10M-$100M in expenses: months of reserves 29.5 months, above the peer median of 9.0 months; officer compensation share of expenses 3.4%, above the peer median of 2.5%; contributions share of revenue 6.0%, below the peer median of 13.8%; surplus margin 28.3%, above the peer median of 1.8%.

Key figures, tax year 2023

As filed on Form 990; ratios computed by FACTANKER. Peer medians are percentile_cont over the group in the same year. Every filed line links to its record on the entity page.

Measure2023Median, activityMedian, sizeMedian, all
Total revenue$73.4M—$21.6M$194.7k
Total expenses$52.6M—$20.9M$178.5k
Total assets$1.0B—$29.9M$775.3k
Net assets$129.4M—$17.0M$622.5k
Officer compensation (total per organisation)$1.8M—$609.0k$113.0k
Program service revenue share87.5%—74.7%13.8%
Contributions share of revenue6.0%—13.8%57.5%
Officer compensation share of expenses3.4%—2.5%6.5%
Months of reserves29.5 months—9.0 months12.6 months
Surplus margin28.3%—1.8%3.9%

Year by year

5 filings on record.

Tax yearRevenueExpensesNet assetsReservesOfficer comp.Rank
2023$73.4M$52.6M$129.4M29.5 months$1.8M7,484
2022$57.8M$34.0M$108.6M38.3 months$486.9k9,842
2020$46.2M$27.2M$65.5M28.9 months$415.1k10,798
2019$30.3M$23.0M$46.4M24.2 months$382.5k11,818
2018$24.9M$18.0M$39.1M26.0 months$367.8k12,924

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