Old Orchard Beach Free Public Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 319,377 | 326,372 | −6,995 | 10.0 | 51% |
| 2021 | 322,977 | 330,950 | −7,973 | 9.6 | 51% |
| 2022 | 347,642 | 341,808 | 5,834 | 9.7 | 50% |
| 2023 | 413,716 | 396,659 | 17,057 | 8.9 | 53% |
In its most recent public year (2023), this organization brought in $17,057 more than it spent. Its reserves stood at about 8.9 months of spending, down from 10 in 2020. Staff pay was 53% of spending. $294,127 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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