Groton Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 212,859 | 204,564 | 8,295 | 7.3 | 46% |
| 2013 | 229,698 | 207,777 | 21,921 | 8.4 | 56% |
| 2014 | 238,259 | 208,954 | 29,305 | 10.0 | 46% |
| 2015 | 259,865 | 240,582 | 19,283 | 9.7 | 47% |
| 2016 | 249,767 | 232,315 | 17,452 | 10.9 | 54% |
| 2017 | 249,649 | 265,455 | −15,806 | 8.9 | 48% |
| 2018 | 273,592 | 236,264 | 37,328 | 11.8 | 56% |
| 2019 | 414,355 | 336,101 | 78,254 | 11.1 | 42% |
| 2020 | 307,271 | 460,509 | −153,238 | 3.8 | 32% |
| 2021 | 1,245,690 | 1,144,224 | 101,466 | 2.6 | 13% |
| 2022 | 352,249 | 335,560 | 16,689 | 9.5 | 50% |
| 2023 | 280,324 | 325,066 | −44,742 | 8.1 | 53% |
In its most recent public year (2023), this organization spent $44,742 more than it brought in. Its reserves stood at about 8.1 months of spending. 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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