Beacon Financial Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 843,630 | 963,808 | −120,178 | 22.3 | 32% |
| 2012 | 890,180 | 1,013,534 | −123,354 | 19.7 | 29% |
| 2013 | 861,507 | 991,546 | −130,039 | 18.1 | 30% |
| 2014 | 778,919 | 751,428 | 27,491 | 24.0 | 34% |
| 2015 | 734,105 | 858,128 | −124,023 | 19.3 | 33% |
| 2016 | 955,772 | 905,274 | 50,498 | 19.0 | 38% |
| 2017 | 1,211,917 | 1,131,653 | 80,264 | 16.0 | 37% |
| 2018 | 1,445,601 | 1,241,023 | 204,578 | 16.6 | 36% |
| 2019 | 1,630,392 | 1,386,671 | 243,721 | 17.0 | 32% |
| 2020 | 1,755,557 | 1,654,626 | 100,931 | 15.0 | 29% |
| 2021 | 1,838,788 | 1,511,838 | 326,950 | 0.0 | 31% |
| 2022 | 2,370,404 | 2,051,759 | 318,645 | 15.8 | 42% |
| 2023 | 2,287,424 | 2,225,767 | 61,657 | 14.4 | 40% |
In its most recent public year (2023), this organization brought in $61,657 more than it spent. Its reserves stood at about 14.4 months of spending, down from 22.3 in 2011. Staff pay was 40% 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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