Frankfort Free Library Assn
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 199,525 | 112,512 | 87,013 | 50.7 | 55% |
| 2021 | 213,896 | 115,727 | 98,169 | 59.5 | 52% |
| 2022 | 168,402 | 135,391 | 33,011 | 53.7 | 51% |
| 2023 | 173,279 | 143,262 | 30,017 | 53.3 | 53% |
In its most recent public year (2023), this organization brought in $30,017 more than it spent. Its reserves stood at about 53.3 months of spending, up from 50.7 in 2020. Staff pay was 53% 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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