Charlotte Hobbs Memorial Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 145,737 | 111,458 | 34,279 | 122.6 | 49% |
| 2011 | 112,824 | 129,081 | −16,257 | 104.4 | 39% |
| 2012 | 125,130 | 139,355 | −14,225 | 95.5 | 41% |
| 2013 | 174,610 | 136,120 | 38,490 | 101.1 | 42% |
| 2014 | 126,446 | 135,597 | −9,151 | 100.7 | 43% |
| 2015 | 168,457 | 145,374 | 23,083 | 95.8 | 43% |
| 2016 | 164,728 | 158,856 | 5,872 | 88.1 | 37% |
| 2017 | 164,496 | 156,148 | 8,348 | 90.3 | 43% |
| 2018 | 147,349 | 190,741 | −43,392 | 71.2 | 38% |
| 2019 | 165,490 | 170,874 | −5,384 | 79.1 | 43% |
| 2020 | 172,261 | 129,294 | 42,967 | 108.5 | 39% |
In its most recent public year (2020), this organization brought in $42,967 more than it spent. Its reserves stood at about 108.5 months of spending, down from 122.6 in 2010. 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 2020. 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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