Sorrento Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 14,542 | 9,635 | 4,907 | 676.5 | 0% |
| 2021 | 68,083 | 12,656 | 55,427 | 292.6 | — |
| 2022 | 25,848 | 44,338 | −18,490 | 78.5 | — |
| 2023 | 18,745 | 49,364 | −30,619 | 63.1 | — |
In its most recent public year (2023), this organization spent $30,619 more than it brought in. Its reserves stood at about 63.1 months of spending, down from 676.5 in 2011.
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
Sorrento Public Library's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works