Hudson Falls Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 122,102 | 116,731 | 5,371 | 20.9 | — |
| 2021 | 111,861 | 125,921 | −14,060 | 18.7 | — |
| 2022 | 139,948 | 137,043 | 2,905 | 15.3 | — |
| 2023 | 132,782 | 135,430 | −2,648 | 16.0 | 63% |
In its most recent public year (2023), this organization spent $2,648 more than it brought in. Its reserves stood at about 16 months of spending, down from 20.9 in 2020. Staff pay was 63% 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 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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