First City Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 22,842,027 | 18,803,897 | 4,038,130 | 36.2 | 34% |
| 2012 | 21,443,881 | 18,510,611 | 2,933,270 | 39.0 | 34% |
| 2013 | 20,080,023 | 17,539,411 | 2,540,612 | 40.2 | 37% |
| 2014 | 19,971,968 | 18,270,283 | 1,701,685 | 41.4 | 36% |
| 2015 | 21,003,143 | 18,387,369 | 2,615,774 | 43.1 | 36% |
| 2016 | 22,828,442 | 20,631,811 | 2,196,631 | 39.5 | 34% |
| 2017 | 25,642,558 | 22,311,811 | 3,330,747 | 37.8 | 32% |
| 2018 | 28,559,391 | 23,835,809 | 4,723,582 | 36.9 | 32% |
| 2019 | 29,755,374 | 22,890,554 | 6,864,820 | 45.1 | 35% |
| 2020 | 27,272,133 | 23,993,439 | 3,278,694 | 47.5 | 32% |
| 2021 | 39,387,246 | 20,132,973 | 19,254,273 | 60.2 | 39% |
| 2022 | 29,074,210 | 22,924,054 | 6,150,156 | 26.7 | 36% |
| 2023 | 38,120,641 | 30,541,292 | 7,579,349 | 21.6 | 30% |
In its most recent public year (2023), this organization brought in $7,579,349 more than it spent. Its reserves stood at about 21.6 months of spending, down from 36.2 in 2011. Staff pay was 30% 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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