Phillips Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 58,739 | 65,354 | −6,615 | 67.9 | — |
| 2023 | 59,556 | 74,141 | −14,585 | 57.5 | — |
In its most recent public year (2023), this organization spent $14,585 more than it brought in. Its reserves stood at about 57.5 months of spending, down from 67.9 in 2022.
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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