Olean Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,214,717 | 1,177,015 | 37,702 | 13.8 | 46% |
| 2012 | 1,331,629 | 1,153,408 | 178,221 | 15.9 | 44% |
| 2013 | 1,131,530 | 1,152,240 | −20,710 | 15.7 | 47% |
| 2014 | 1,119,244 | 1,155,526 | −36,282 | 15.3 | 47% |
| 2015 | 1,148,184 | 1,120,705 | 27,479 | 16.5 | 50% |
| 2016 | 1,190,647 | 1,139,038 | 51,609 | 16.7 | 0% |
| 2017 | 1,353,404 | 1,141,741 | 211,663 | 18.9 | 0% |
| 2018 | 1,171,385 | 1,030,888 | 140,497 | 22.6 | 0% |
| 2019 | 1,186,050 | 1,034,622 | 151,428 | 24.3 | 0% |
| 2020 | 1,402,313 | 1,127,977 | 274,336 | 25.2 | 0% |
| 2021 | 1,243,100 | 1,053,411 | 189,689 | 29.1 | 0% |
| 2022 | 1,218,863 | 1,143,692 | 75,171 | 27.6 | 57% |
| 2023 | 1,249,843 | 1,353,031 | −103,188 | 22.4 | 68% |
In its most recent public year (2023), this organization spent $103,188 more than it brought in. Its reserves stood at about 22.4 months of spending, up from 13.8 in 2011. Staff pay was 68% of spending. $31,925 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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