Topsham Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 419,229 | 433,824 | −14,595 | 7.6 | 57% |
| 2013 | 482,758 | 438,784 | 43,974 | 9.1 | 56% |
| 2014 | 461,281 | 478,369 | −17,088 | 8.5 | 60% |
| 2015 | 526,988 | 499,825 | 27,163 | 8.8 | 63% |
| 2016 | 569,852 | 567,862 | 1,990 | 7.6 | 62% |
| 2017 | 643,051 | 666,533 | −23,482 | 6.4 | 64% |
| 2018 | 1,483,841 | 706,553 | 777,288 | 19.4 | 64% |
| 2019 | 780,907 | 769,016 | 11,891 | 18.4 | 61% |
| 2020 | 799,423 | 839,374 | −39,951 | 16.1 | 65% |
| 2021 | 1,092,279 | 799,612 | 292,667 | 26.0 | 64% |
| 2022 | 916,950 | 900,425 | 16,525 | 21.3 | 63% |
| 2023 | 902,976 | 923,092 | −20,116 | 20.8 | 62% |
In its most recent public year (2023), this organization spent $20,116 more than it brought in. Its reserves stood at about 20.8 months of spending, up from 7.6 in 2012. Staff pay was 62% of spending. $1,210,394 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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