Jesup Memorial Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,093,677 | 840,022 | 2,253,655 | 96.7 | 48% |
| 2021 | 2,324,945 | 804,380 | 1,520,565 | 126.1 | 53% |
| 2022 | 6,370,659 | 872,054 | 5,498,605 | 187.5 | 53% |
In its most recent public year (2022), this organization brought in $5,498,605 more than it spent. Its reserves stood at about 187.5 months of spending, up from 96.7 in 2020. Staff pay was 53% of spending. $8,769,964 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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