Farmington Public Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 279,407 | 267,748 | 11,659 | 112.7 | 41% |
| 2020 | 276,247 | 232,031 | 44,216 | 132.3 | 51% |
| 2021 | 481,874 | 260,370 | 221,504 | 128.1 | 51% |
| 2022 | 349,479 | 290,186 | 59,293 | 117.4 | 54% |
| 2023 | 470,475 | 370,950 | 99,525 | 94.7 | 46% |
In its most recent public year (2023), this organization brought in $99,525 more than it spent. Its reserves stood at about 94.7 months of spending, down from 112.7 in 2019. Staff pay was 46% 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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