Bowdoinham Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 116,740 | 50,788 | 65,952 | 143.8 | 48% |
| 2023 | 93,144 | 64,863 | 28,281 | 117.8 | 39% |
In its most recent public year (2023), this organization brought in $28,281 more than it spent. Its reserves stood at about 117.8 months of spending, down from 143.8 in 2022. Staff pay was 39% 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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