Madawaska Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 38,843 | 51,083 | −12,240 | 139.0 | 32% |
| 2022 | 45,336 | 59,179 | −13,843 | 117.2 | 31% |
| 2023 | 52,667 | 61,583 | −8,916 | 110.8 | 28% |
| 2024 | 58,121 | 60,203 | −2,082 | 113.0 | 35% |
In its most recent public year (2024), this organization spent $2,082 more than it brought in. Its reserves stood at about 113 months of spending, down from 139 in 2021. Staff pay was 35% 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 2024. 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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