Mass Bay Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 11,362,568 | 10,787,213 | 575,355 | 31.4 | 34% |
| 2021 | 12,109,797 | 9,763,481 | 2,346,316 | 36.8 | 34% |
| 2022 | 13,969,003 | 9,769,261 | 4,199,742 | 36.4 | 32% |
| 2023 | 16,486,383 | 13,978,307 | 2,508,076 | 28.2 | 25% |
In its most recent public year (2023), this organization brought in $2,508,076 more than it spent. Its reserves stood at about 28.2 months of spending, down from 31.4 in 2020. Staff pay was 25% 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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