Worcester Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,006,354 | 4,062,099 | −55,745 | 22.7 | 30% |
| 2012 | 3,714,960 | 3,819,728 | −104,768 | 23.8 | 33% |
| 2013 | 3,607,912 | 3,543,829 | 64,083 | 25.2 | 31% |
| 2014 | 3,441,486 | 3,560,989 | −119,503 | 25.0 | 32% |
| 2015 | 3,305,518 | 3,467,108 | −161,590 | 25.0 | 31% |
| 2016 | 3,253,859 | 3,034,588 | 219,271 | 29.4 | 34% |
| 2017 | 3,490,858 | 3,248,728 | 242,130 | 28.2 | 32% |
| 2018 | 3,711,455 | 3,507,023 | 204,432 | 26.8 | 32% |
| 2019 | 3,906,223 | 3,646,969 | 259,254 | 26.9 | 33% |
| 2020 | 3,911,731 | 3,429,308 | 482,423 | 31.1 | 30% |
| 2021 | 3,800,689 | 3,016,123 | 784,566 | 36.7 | 29% |
| 2022 | 3,533,968 | 3,224,289 | 309,679 | 24.7 | 29% |
| 2023 | 4,719,033 | 3,960,168 | 758,865 | 24.2 | 27% |
In its most recent public year (2023), this organization brought in $758,865 more than it spent. Its reserves stood at about 24.2 months of spending, up from 22.7 in 2011. Staff pay was 27% 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
Worcester Credit Union's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works