Patten Free Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,262,039 | 930,479 | 331,560 | 161.9 | 52% |
| 2022 | 1,415,338 | 1,047,955 | 367,383 | 119.5 | 50% |
| 2023 | 1,302,929 | 1,060,757 | 242,172 | 123.0 | 49% |
In its most recent public year (2023), this organization brought in $242,172 more than it spent. Its reserves stood at about 123 months of spending, down from 161.9 in 2021. Staff pay was 49% of spending. $3,278,442 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 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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