New Bedford Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,245,138 | 4,744,975 | 500,163 | 33.3 | 38% |
| 2021 | 5,012,548 | 4,504,583 | 507,965 | 36.5 | 39% |
| 2022 | 5,691,082 | 4,998,471 | 692,611 | 34.5 | 35% |
| 2023 | 7,364,242 | 6,229,601 | 1,134,641 | 29.7 | 32% |
In its most recent public year (2023), this organization brought in $1,134,641 more than it spent. Its reserves stood at about 29.7 months of spending, down from 33.3 in 2020. Staff pay was 32% 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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