Louisville Gas & Electric Co Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Louisville Gas & Electric Co Credit Union is a 501(c)(14) organization based in Louisville, Kentucky, registered in 1944, with $2,447,671 in FY2024 revenue. CharityIndex grades it B.
820 W Broadway, Louisville, KY, 40202 EIN 61-0264130 Since 1944
Revenue (FY2024)
$2.4M
▲ 21.6% vs prior year
Expenses (FY2024)
$2.0M
Net assets
$7.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Louisville Gas & Electric Co Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating43 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Louisville Gas & Electric Co Credit Union: 43 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Louisville Gas & Electric Co Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Louisville Gas & Electric Co Credit Union: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 820 W Broadway, Louisville, KY, 40202
- City
- Louisville
- State
- Kentucky
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $1.1M (FY2013) to $2.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $39.0MNet assets $7.3M
Operating margin
16.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$46.3M
Total liabilities
$39.0M
Net assets
$7.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,447,671▲21.6% | $2,034,525▲20.7% | $7,321,297▲6.0% | $46,319,310▲2.7% | 990 |
| 2023 | $2,013,009▲30.0% | $1,684,954▲28.9% | $6,908,151▲4.4% | $45,089,473▲1.4% | 990 |
| 2022 | $1,547,927▼4.6% | $1,306,837▼4.5% | $6,614,400▲3.8% | $44,453,397▼2.7% | 990 |
| 2021 | $1,622,065▼1.6% | $1,367,709▼6.2% | $6,373,310▲4.2% | $45,678,370▲1.5% | 990 |
| 2020 | $1,649,183▼2.7% | $1,458,103▲1.7% | $6,118,954▲3.2% | $45,012,672▲10.8% | 990 |
| 2019 | $1,695,483▲6.2% | $1,433,105▲8.3% | $5,927,874▲4.6% | $40,637,301▲5.7% | 990 |
| 2018 | $1,595,825▲11.9% | $1,323,686▲1.3% | $5,665,496▲5.0% | $38,460,289▼1.1% | 990 |
| 2017 | $1,426,429▲4.0% | $1,306,368▲12.5% | $5,393,357▲2.3% | $38,883,398▲2.4% | 990 |
| 2016 | $1,371,216▲13.1% | $1,161,610▲12.9% | $5,273,296▲4.1% | $37,979,898▲11.7% | 990 |
| 2015 | $1,211,924▲8.9% | $1,028,874▲11.4% | $5,063,690▲3.8% | $34,004,381▲1.4% | 990 |
| 2014 | $1,112,626▲5.0% | $923,814▲3.2% | $4,880,640▲4.0% | $33,525,895▲1.0% | 990 |
| 2013 | $1,059,584 | $895,278▼6.1% | $4,691,828▲3.6% | $33,187,334▲4.8% | 990 |
| 2012 | — | $953,872▼9.3% | $4,527,522▲4.9% | $31,665,686▲3.7% | 990 |
| 2011 | — | $1,052,030▼5.2% | $4,316,045▲5.6% | $30,528,323▲2.6% | 990 |
| 2010 | — | $1,109,314 | $4,086,871 | $29,750,359 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Louisville Gas & Electric Co Credit Union a legitimate nonprofit?
- Yes. Louisville Gas & Electric Co Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 61-0264130, based in Louisville, Kentucky.
- What is Louisville Gas & Electric Co Credit Union's EIN?
- Louisville Gas & Electric Co Credit Union's Employer Identification Number (EIN) is 61-0264130.
- How much revenue does Louisville Gas & Electric Co Credit Union report?
- Louisville Gas & Electric Co Credit Union reported $2,447,671 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Louisville Gas & Electric Co Credit Union have?
- CharityIndex grades Louisville Gas & Electric Co Credit Union B, based on financial health (reserves and operating margin).
More nonprofits in Louisville
Explore more
Data for Louisville Gas & Electric Co Credit Union (EIN 61-0264130) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.