National Credit Union Foundation Inc

Analysis

National Credit Union Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Credit Union Foundation Inc reported income of $6.2m and spending of $4.6m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $6.2m (+45%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Credit Union Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Jackson-Vinton Community Action Inc ($6.2m), David M Crowley Foundation ($6.2m) and Community Child Guidance Clinic Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $886k (19% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $15.3m against liabilities of $1.5m, net assets of $13.8m. It reported 17 employees.