Hubbard Free Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 320,775 | 307,788 | 12,987 | 45.1 | 13% |
| 2012 | 90,604 | 116,263 | −25,659 | 109.5 | 35% |
| 2013 | 74,749 | 110,310 | −35,561 | 133.0 | 37% |
| 2014 | 92,743 | 249,194 | −156,451 | 54.5 | 17% |
| 2015 | 177,591 | 118,616 | 58,975 | 111.5 | 44% |
| 2016 | 112,845 | 142,188 | −29,343 | 88.0 | 38% |
| 2017 | 90,630 | 163,197 | −72,567 | 71.4 | 31% |
| 2018 | 112,421 | 145,410 | −32,989 | 78.5 | 35% |
| 2019 | 136,061 | 170,578 | −34,517 | 65.0 | 33% |
| 2020 | 221,841 | 110,385 | 111,456 | 111.7 | 53% |
| 2021 | 148,728 | 115,109 | 33,619 | 120.7 | 54% |
| 2022 | 216,523 | 265,485 | −48,962 | 46.3 | 25% |
| 2023 | 155,552 | 175,468 | −19,916 | 71.8 | 43% |
In its most recent public year (2023), this organization spent $19,916 more than it brought in. Its reserves stood at about 71.8 months of spending, up from 45.1 in 2011. Staff pay was 43% of spending.
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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