Luso-American Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,741,914 | 3,197,443 | 544,471 | 55.3 | 31% |
| 2021 | 4,042,575 | 3,490,386 | 552,189 | 52.6 | 30% |
| 2022 | 4,209,549 | 3,613,154 | 596,395 | 52.8 | 30% |
| 2023 | 5,606,467 | 3,997,987 | 1,608,480 | 52.5 | 27% |
In its most recent public year (2023), this organization brought in $1,608,480 more than it spent. Its reserves stood at about 52.5 months of spending, down from 55.3 in 2020. 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
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