776 Catholic Credit Union Inc
EIN: 340879491 · Avon Lake, OH
| Metric | Value |
|---|---|
| Total Revenue | $471K |
| Total Expenses | $401K |
| Net Assets | $11.2M |
Is 776 Catholic Credit Union Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 776 Catholic Credit Union Inc
776 Catholic Credit Union Inc (EIN: 340879491) is a nonprofit organization based in Avon Lake, OH. The organization reported total revenue of $471K and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 776 Catholic Credit Union Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
776 Catholic Credit Union Inc is a small nonprofit that has been operating for 57 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $424K |
| Total Expenses | $401K |
| Surplus / Deficit | +$23K |
| Total Assets | $11.3M |
| Total Liabilities | $34K |
| Net Assets | $11.2M |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 337.4 months |
Financial Health Grade: A
In 2023, 776 Catholic Credit Union Inc reported a surplus of $23K with revenue exceeding expenses, holds 337.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), 776 Catholic Credit Union Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.2% | +21.1% | -14.2% |
| 2022 | +13.6% | +11.7% | -0.7% |
| 2021 | -18.0% | -16.5% | +40.0% |
| 2019 | +3.0% | +10.7% | -7.7% |
| 2018 | +15.3% | +7.8% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 776 Catholic Credit Union Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 776 Catholic Credit Union Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about 776 Catholic Credit Union Inc
Is 776 Catholic Credit Union Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, 776 Catholic Credit Union Inc (EIN: 340879491) insufficient data. 0 red flags identified, 0 strengths noted.
How does 776 Catholic Credit Union Inc spend its money?
Detailed spending breakdown data is not yet available for 776 Catholic Credit Union Inc. Check back for updated IRS 990 analysis.
Are donations to 776 Catholic Credit Union Inc tax-deductible?
776 Catholic Credit Union Inc is registered as a tax-exempt nonprofit (EIN: 340879491). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 776 Catholic Credit Union Inc located?
776 Catholic Credit Union Inc is headquartered in Avon Lake, Ohio and files with the IRS under EIN 340879491.
How many years of IRS 990 filings does 776 Catholic Credit Union Inc have?
776 Catholic Credit Union Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $471K in total revenue.
Filing History
IRS 990 filing history for 776 Catholic Credit Union Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), 776 Catholic Credit Union Inc's revenue has grown by 11.3%, moving from $382K to $424K. Total assets increased by 19.3% over the same period, from $9.5M to $11.3M. Total functional expenses fell by 3.3%, from $415K to $401K. In its most recent filing year (2023), 776 Catholic Credit Union Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $34K in liabilities against $11.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $11.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $424K | $401K | $11.3M | $34K | — | View 990 |
| 2022 | $365K | $331K | $13.1M | $0 | — | — |
| 2021 | $322K | $297K | $13.2M | $23K | — | View 990 |
| 2019 | $392K | $355K | $9.5M | $17K | — | View 990 |
| 2018 | $381K | $321K | $10.2M | $30K | — | View 990 |
| 2017 | $331K | $298K | $10.9M | $26K | — | View 990 |
| 2016 | $312K | $283K | $10.5M | $28K | — | View 990 |
| 2015 | $323K | $270K | $10.2M | $26K | — | View 990 |
| 2014 | $340K | $289K | $9.4M | $27K | — | View 990 |
| 2013 | $342K | $328K | $9.2M | $42K | — | View 990 |
| 2012 | $361K | $536K | $9.4M | $45K | — | View 990 |
| 2011 | $382K | $415K | $9.5M | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $424K, expenses of $401K, and assets of $11.3M (revenue +16.2% year-over-year).
- 2022: Revenue of $365K, expenses of $331K, and assets of $13.1M (revenue +13.6% year-over-year).
- 2021: Revenue of $322K, expenses of $297K, and assets of $13.2M (revenue -18.0% year-over-year).
- 2019: Revenue of $392K, expenses of $355K, and assets of $9.5M (revenue +3.0% year-over-year).
- 2018: Revenue of $381K, expenses of $321K, and assets of $10.2M (revenue +15.3% year-over-year).
- 2017: Revenue of $331K, expenses of $298K, and assets of $10.9M (revenue +5.9% year-over-year).
- 2016: Revenue of $312K, expenses of $283K, and assets of $10.5M (revenue -3.3% year-over-year).
- 2015: Revenue of $323K, expenses of $270K, and assets of $10.2M (revenue -5.0% year-over-year).
- 2014: Revenue of $340K, expenses of $289K, and assets of $9.4M (revenue -0.6% year-over-year).
- 2013: Revenue of $342K, expenses of $328K, and assets of $9.2M (revenue -5.3% year-over-year).
- 2012: Revenue of $361K, expenses of $536K, and assets of $9.4M (revenue -5.5% year-over-year).
- 2011: Revenue of $382K, expenses of $415K, and assets of $9.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 776 Catholic Credit Union Inc:
Data Sources and Methodology
This transparency report for 776 Catholic Credit Union Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.