True Community Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,877,262 | 8,319,371 | 557,891 | 81.7 | 41% |
| 2021 | 30,339,343 | 26,190,043 | 4,149,300 | 30.2 | 41% |
| 2022 | 35,270,035 | 31,553,892 | 3,716,143 | 23.7 | 39% |
| 2023 | 42,926,246 | 38,572,848 | 4,353,398 | 21.4 | 36% |
In its most recent public year (2023), this organization brought in $4,353,398 more than it spent. Its reserves stood at about 21.4 months of spending, down from 81.7 in 2020. Staff pay was 36% 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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