Lubec Memorial Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 56,854 | 67,251 | −10,397 | 176.2 | 36% |
| 2012 | 74,252 | 41,602 | 32,650 | 0.0 | 55% |
| 2013 | 130,801 | 47,328 | 83,473 | 284.5 | 53% |
| 2014 | 75,280 | 68,312 | 6,968 | 208.4 | 39% |
| 2015 | 47,141 | 46,519 | 622 | 299.6 | 56% |
| 2016 | 52,407 | 51,695 | 712 | 279.6 | 51% |
| 2017 | 52,670 | 46,545 | 6,125 | 308.1 | 59% |
| 2018 | 59,554 | 77,828 | −18,274 | 150.5 | 37% |
| 2019 | 113,527 | 60,543 | 52,984 | 193.7 | 50% |
| 2020 | 62,723 | 46,990 | 15,733 | 336.8 | 51% |
| 2021 | 57,998 | 53,343 | 4,655 | 332.8 | 52% |
| 2022 | 263,616 | 87,705 | 175,911 | 286.2 | 37% |
| 2023 | 426,102 | 96,715 | 329,387 | 307.6 | 34% |
In its most recent public year (2023), this organization brought in $329,387 more than it spent. Its reserves stood at about 307.6 months of spending, up from 176.2 in 2011. Staff pay was 34% 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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