Valley Cottage Free Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,535,775 | 2,282,626 | 253,149 | 32.8 | 57% |
| 2021 | 2,467,810 | 2,266,209 | 201,601 | 34.1 | 55% |
| 2022 | 2,461,536 | 2,397,924 | 63,612 | 32.6 | 52% |
| 2023 | 2,845,564 | 2,531,529 | 314,035 | 32.3 | 52% |
In its most recent public year (2023), this organization brought in $314,035 more than it spent. Its reserves stood at about 32.3 months of spending. Staff pay was 52% of spending. $37,611 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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