Revere Firefighters Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 284,668 | 199,036 | 85,632 | 64.0 | 25% |
| 2021 | 255,773 | 180,741 | 75,032 | 75.5 | 34% |
| 2022 | 255,945 | 189,451 | 66,494 | 76.2 | 34% |
| 2023 | 334,082 | 179,573 | 154,509 | 90.7 | 36% |
In its most recent public year (2023), this organization brought in $154,509 more than it spent. Its reserves stood at about 90.7 months of spending, up from 64 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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