Cannon Free Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 255,399 | 219,228 | 36,171 | 382.8 | 57% |
| 2021 | 257,616 | 241,553 | 16,063 | 392.5 | 61% |
| 2022 | 291,776 | 269,625 | 22,151 | 296.2 | 61% |
| 2023 | 302,048 | 273,687 | 28,361 | 324.1 | 61% |
In its most recent public year (2023), this organization brought in $28,361 more than it spent. Its reserves stood at about 324.1 months of spending, down from 382.8 in 2020. Staff pay was 61% of spending. $4,988,703 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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