Frothingham Free Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 85,309 | 78,491 | 6,818 | 46.7 | — |
| 2020 | 98,964 | 88,216 | 10,748 | 43.0 | — |
| 2021 | 81,070 | 64,118 | 16,952 | 62.3 | — |
| 2022 | 161,433 | 105,743 | 55,690 | 44.1 | — |
| 2023 | 137,106 | 120,946 | 16,160 | 40.2 | — |
In its most recent public year (2023), this organization brought in $16,160 more than it spent. Its reserves stood at about 40.2 months of spending, down from 46.7 in 2019.
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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