Hay Memorial Library Of Sackets Harbor
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 83,284 | 78,237 | 5,047 | 51.4 | — |
| 2021 | 123,876 | 76,617 | 47,259 | 61.6 | — |
| 2022 | 107,176 | 89,113 | 18,063 | 52.8 | — |
| 2023 | 87,956 | 83,095 | 4,861 | 59.0 | — |
In its most recent public year (2023), this organization brought in $4,861 more than it spent. Its reserves stood at about 59 months of spending, up from 51.4 in 2020.
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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