708 Community First Credit Union Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 2,733,229 | 2,645,092 | 88,137 | 54.5 | 31% |
| 2022 | 2,912,524 | 2,909,216 | 3,308 | 46.8 | 30% |
| 2023 | 3,451,816 | 3,308,130 | 143,686 | 42.8 | 28% |
In its most recent public year (2023), this organization brought in $143,686 more than it spent. Its reserves stood at about 42.8 months of spending, down from 54.5 in 2021. Staff pay was 28% 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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