Cooperative De Ahorro Y Credito De Lare
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,834,081 | 7,139,900 | 1,694,181 | 56.6 | 3% |
| 2012 | 9,226,680 | 6,481,099 | 2,745,581 | 67.9 | 4% |
| 2013 | 9,090,429 | 6,765,562 | 2,324,867 | 69.7 | 30% |
| 2014 | 9,173,848 | 6,736,590 | 2,437,258 | 79.5 | 32% |
| 2015 | 9,008,740 | 7,427,741 | 1,580,999 | 79.6 | 29% |
| 2016 | 8,576,151 | 8,008,848 | 567,303 | 73.7 | 23% |
| 2017 | 8,711,472 | 8,006,655 | 704,817 | 73.9 | 24% |
| 2018 | 8,803,272 | 8,263,186 | 540,086 | 72.4 | 23% |
| 2019 | 9,527,111 | 12,106,196 | −2,579,085 | 47.2 | 15% |
| 2020 | 10,491,899 | 8,054,075 | 2,437,824 | 76.1 | 20% |
| 2021 | 12,993,672 | 8,430,499 | 4,563,173 | 80.9 | 27% |
| 2022 | 12,301,363 | 9,119,157 | 3,182,206 | 69.0 | 27% |
| 2023 | 15,865,234 | 10,086,130 | 5,779,104 | 72.4 | 26% |
In its most recent public year (2023), this organization brought in $5,779,104 more than it spent. Its reserves stood at about 72.4 months of spending, up from 56.6 in 2011. Staff pay was 26% 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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