Worcester Free Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 184,954 | 217,405 | −32,451 | 3.0 | — |
| 2015 | 197,904 | 78,633 | 119,271 | 50.2 | — |
| 2016 | 86,784 | 67,993 | 18,791 | 62.7 | — |
| 2017 | 197,691 | 50,577 | 147,114 | 127.8 | 43% |
| 2018 | 316,373 | 65,846 | 250,527 | 143.8 | 27% |
| 2019 | 190,020 | 82,136 | 107,884 | 131.1 | 25% |
| 2020 | 73,787 | 103,388 | −29,601 | 100.7 | 20% |
| 2021 | 62,435 | 73,256 | −10,821 | 140.3 | 35% |
| 2022 | 77,741 | 88,329 | −10,588 | 115.0 | 31% |
| 2023 | 291,632 | 105,608 | 186,024 | 117.3 | 39% |
In its most recent public year (2023), this organization brought in $186,024 more than it spent. Its reserves stood at about 117.3 months of spending, up from 3 in 2014. Staff pay was 39% 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
Worcester Free 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