Credit Unions In The State Of Washington
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,933,377 | 1,913,388 | 19,989 | 96.6 | 36% |
| 2021 | 2,422,565 | 1,826,748 | 595,817 | 107.9 | 39% |
| 2022 | 3,542,255 | 2,253,297 | 1,288,958 | 100.2 | 37% |
| 2023 | 2,693,734 | 2,660,177 | 33,557 | 94.2 | 34% |
In its most recent public year (2023), this organization brought in $33,557 more than it spent. Its reserves stood at about 94.2 months of spending, down from 96.6 in 2020. Staff pay was 34% 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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