Vicinity Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,935,047 | 7,776,278 | 158,769 | 34.4 | 30% |
| 2021 | 8,121,425 | 7,302,647 | 818,778 | 33.8 | 35% |
| 2022 | 9,439,159 | 9,232,178 | 206,981 | 10.2 | 29% |
| 2023 | 13,822,381 | 14,104,087 | −281,706 | 7.0 | 21% |
In its most recent public year (2023), this organization spent $281,706 more than it brought in. Its reserves stood at about 7 months of spending, down from 34.4 in 2020. Staff pay was 21% 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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