Rangeley Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 191,812 | 188,510 | 3,302 | 95.5 | 45% |
| 2021 | 166,295 | 181,182 | −14,887 | 115.4 | 44% |
| 2022 | 158,485 | 203,484 | −44,999 | 95.5 | 45% |
In its most recent public year (2022), this organization spent $44,999 more than it brought in. Its reserves stood at about 95.5 months of spending. Staff pay was 45% of spending. $832,551 of its net assets are donor-restricted.
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 2022. 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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