Waldoboro Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 260,459 | 157,484 | 102,975 | 108.0 | 54% |
| 2021 | 316,289 | 160,428 | 155,861 | 117.7 | 56% |
| 2022 | 13,408 | 175,868 | −162,460 | 96.2 | 55% |
| 2023 | 298,475 | 179,517 | 118,958 | 102.2 | 56% |
In its most recent public year (2023), this organization brought in $118,958 more than it spent. Its reserves stood at about 102.2 months of spending, down from 108 in 2020. Staff pay was 56% of spending. $288,372 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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