Grand Rapids Area Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 16,210 | 10,732 | 5,478 | 78.5 | — |
| 2012 | 57,494 | 29,698 | 27,796 | 39.4 | — |
| 2013 | 30,370 | 59,774 | −29,404 | 13.4 | — |
| 2014 | 113,881 | 100,803 | 13,078 | 9.5 | — |
| 2015 | 27,891 | 8,334 | 19,557 | 141.9 | — |
| 2016 | 24,070 | 39,425 | −15,355 | 25.4 | — |
| 2017 | 79,672 | 22,247 | 57,425 | 75.9 | — |
| 2018 | 7,148 | 15,770 | −8,622 | 100.5 | — |
| 2019 | 29,388 | 24,764 | 4,624 | 66.2 | — |
| 2020 | 4,993 | 7,244 | −2,251 | 222.6 | — |
| 2021 | 27,509 | 4,415 | 23,094 | 428.1 | — |
| 2022 | 43,120 | 34,679 | 8,441 | 56.6 | — |
In its most recent public year (2022), this organization brought in $8,441 more than it spent. Its reserves stood at about 56.6 months of spending, down from 78.5 in 2011.
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 2022. 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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