Worcester Public Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 184,375 | 153,555 | 30,820 | 19.2 | 46% |
| 2012 | 182,825 | 196,678 | −13,853 | 14.1 | 34% |
| 2013 | 260,806 | 228,835 | 31,971 | 13.5 | 34% |
| 2014 | 1,305,320 | 789,514 | 515,806 | 11.9 | 10% |
| 2015 | 433,468 | 741,667 | −308,199 | 7.5 | 10% |
| 2016 | 441,627 | 416,241 | 25,386 | 14.1 | 17% |
| 2017 | 284,229 | 236,710 | 47,519 | 27.4 | 30% |
| 2018 | 173,741 | 283,883 | −110,142 | 18.3 | 29% |
| 2019 | 973,151 | 229,931 | 743,220 | 61.6 | 50% |
| 2020 | 3,863,399 | 2,190,586 | 1,672,813 | 15.6 | 5% |
| 2021 | 265,350 | 1,201,168 | −935,818 | 19.9 | 10% |
| 2022 | 361,922 | 324,687 | 37,235 | 71.2 | 23% |
| 2023 | 356,486 | 211,774 | 144,712 | 120.3 | 38% |
In its most recent public year (2023), this organization brought in $144,712 more than it spent. Its reserves stood at about 120.3 months of spending, up from 19.2 in 2011. Staff pay was 38% of spending. $1,428,210 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
Worcester Public Library Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works