Bridgton Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 750,889 | 229,399 | 521,490 | 114.4 | 48% |
| 2020 | 245,887 | 254,927 | −9,040 | 102.5 | 50% |
| 2021 | 610,796 | 214,970 | 395,826 | 143.7 | 50% |
| 2022 | 53,898 | 263,626 | −209,728 | 107.6 | 49% |
| 2023 | 412,407 | 309,259 | 103,148 | 95.8 | 48% |
In its most recent public year (2023), this organization brought in $103,148 more than it spent. Its reserves stood at about 95.8 months of spending, down from 114.4 in 2019. Staff pay was 48% of spending. $600,014 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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