Reading Berks School Employees Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 618,563 | 537,142 | 81,421 | 442.0 | 23% |
| 2012 | 559,761 | 485,299 | 74,462 | 527.4 | 26% |
| 2013 | 495,240 | 392,363 | 102,877 | 667.2 | 32% |
| 2014 | 439,656 | 439,656 | 0 | 567.4 | 30% |
| 2015 | 435,387 | 435,387 | 0 | 542.0 | 30% |
| 2016 | 386,953 | 386,953 | 0 | 612.5 | 34% |
| 2017 | 393,218 | 393,218 | 0 | 600.4 | 34% |
| 2018 | 462,441 | 414,187 | 48,254 | 541.6 | 37% |
| 2019 | 466,176 | 544,634 | −78,458 | 387.3 | 27% |
| 2020 | 388,599 | 423,373 | −34,774 | 509.9 | 40% |
| 2021 | 293,471 | 354,439 | −60,968 | 631.5 | 45% |
| 2022 | 336,982 | 357,192 | −20,210 | 631.0 | 45% |
| 2023 | 441,421 | 317,521 | 123,900 | 612.1 | 55% |
In its most recent public year (2023), this organization brought in $123,900 more than it spent. Its reserves stood at about 612.1 months of spending, up from 442 in 2011. Staff pay was 55% 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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