Connetquot Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 6,639,797 | 5,955,910 | 683,887 | -10.8 | 49% |
| 2022 | 6,656,257 | 5,901,197 | 755,060 | -9.4 | 51% |
| 2023 | 6,953,568 | 6,897,305 | 56,263 | -7.9 | 43% |
| 2024 | 7,137,306 | 6,685,424 | 451,882 | -7.4 | 47% |
In its most recent public year (2024), this organization brought in $451,882 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-7.4 months), up from -10.8 in 2021. Staff pay was 47% 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 2024. 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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