Cortland Free Library Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 725,430 | 507,660 | 217,770 | 84.9 | 53% |
| 2012 | 1,049,416 | 564,800 | 484,616 | 88.8 | 49% |
| 2013 | 810,692 | 507,104 | 303,588 | 109.7 | 47% |
| 2014 | 587,979 | 482,560 | 105,419 | 116.3 | 45% |
| 2015 | 706,572 | 485,763 | 220,809 | 111.0 | 40% |
| 2016 | 606,803 | 528,991 | 77,812 | 105.5 | 40% |
| 2017 | 457,115 | 585,221 | −128,106 | 99.9 | 38% |
| 2018 | 560,928 | 579,918 | −18,990 | 94.5 | 39% |
| 2019 | 581,986 | 555,054 | 26,932 | 109.3 | 43% |
| 2020 | 730,258 | 602,379 | 127,879 | 109.8 | 47% |
| 2021 | 777,444 | 651,227 | 126,217 | 109.2 | 46% |
| 2022 | 739,039 | 654,981 | 84,058 | 99.0 | 40% |
| 2023 | 713,181 | 671,734 | 41,447 | 102.0 | 44% |
In its most recent public year (2023), this organization brought in $41,447 more than it spent. Its reserves stood at about 102 months of spending, up from 84.9 in 2011. Staff pay was 44% of spending. $1,583,654 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
Cortland Free Library Inc'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