Belfast Free Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 124,948 | 84,799 | 40,149 | 151.7 | 0% |
| 2013 | 116,316 | 96,034 | 20,282 | 142.2 | 0% |
| 2014 | 149,454 | 123,338 | 26,116 | 120.4 | 0% |
| 2015 | 225,077 | 102,102 | 122,975 | 151.8 | 0% |
| 2016 | 330,095 | 124,530 | 205,565 | 137.2 | 0% |
| 2017 | 161,669 | 140,066 | 21,603 | 134.3 | 0% |
| 2018 | 164,238 | 147,084 | 17,154 | 131.8 | 0% |
| 2019 | 119,706 | 148,880 | −29,174 | 130.5 | 0% |
| 2020 | 96,272 | 159,325 | −63,053 | 118.1 | 0% |
| 2021 | 270,208 | 142,155 | 128,053 | 178.8 | 0% |
| 2022 | 57,919 | 231,334 | −173,415 | 99.3 | 0% |
| 2023 | 326,637 | 197,156 | 129,481 | 124.9 | 0% |
In its most recent public year (2023), this organization brought in $129,481 more than it spent. Its reserves stood at about 124.9 months of spending, down from 151.7 in 2012. Staff pay was 0% of spending. $102,138 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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