First Choice Community Cu
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,656,543 | 1,643,336 | 13,207 | 45.4 | 31% |
| 2021 | 1,528,915 | 1,597,066 | −68,151 | 46.2 | 33% |
| 2022 | 2,083,179 | 1,683,245 | 399,934 | 46.7 | 32% |
| 2023 | 2,086,607 | 1,738,858 | 347,749 | 47.6 | 36% |
In its most recent public year (2023), this organization brought in $347,749 more than it spent. Its reserves stood at about 47.6 months of spending, up from 45.4 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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