Southwest Harbor Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 779,871 | 525,981 | 253,890 | 118.7 | 47% |
| 2021 | 804,852 | 530,831 | 274,021 | 133.1 | 47% |
| 2022 | 1,489,242 | 563,586 | 925,656 | 120.7 | 49% |
| 2023 | 983,402 | 655,391 | 328,011 | 116.8 | 47% |
In its most recent public year (2023), this organization brought in $328,011 more than it spent. Its reserves stood at about 116.8 months of spending, down from 118.7 in 2020. Staff pay was 47% of spending. $2,551,420 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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