Westerly Community Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 11,637,106 | 11,544,159 | 92,947 | 15.5 | 23% |
| 2012 | 10,756,854 | 10,546,474 | 210,380 | 18.5 | 3% |
| 2013 | 10,151,439 | 9,079,402 | 1,072,037 | 23.9 | 6% |
| 2014 | 10,390,886 | 9,004,360 | 1,386,526 | 25.1 | 3% |
| 2015 | 10,563,677 | 9,354,436 | 1,209,241 | 25.1 | 35% |
| 2016 | 11,119,362 | 9,631,597 | 1,487,765 | 26.1 | 35% |
| 2017 | 11,821,792 | 10,109,137 | 1,712,655 | 27.1 | 36% |
| 2018 | 12,957,127 | 10,849,855 | 2,107,272 | 27.6 | 5% |
| 2019 | 14,891,523 | 12,452,505 | 2,439,018 | 26.5 | 33% |
| 2020 | 15,367,113 | 12,532,611 | 2,834,502 | 28.9 | 35% |
| 2021 | 17,253,972 | 12,808,141 | 4,445,831 | 32.3 | 38% |
| 2022 | 18,312,399 | 14,838,035 | 3,474,364 | 25.7 | 37% |
| 2023 | 22,886,086 | 21,225,344 | 1,660,742 | 20.2 | 27% |
In its most recent public year (2023), this organization brought in $1,660,742 more than it spent. Its reserves stood at about 20.2 months of spending, up from 15.5 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
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