Friends Of Billings Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 34,607 | 31,666 | 2,941 | 19.7 | — |
| 2020 | 22,936 | 23,498 | −562 | 26.3 | — |
| 2021 | 26,922 | 24,145 | 2,777 | 27.0 | — |
| 2022 | 34,992 | 34,611 | 381 | 19.0 | — |
| 2023 | 45,049 | 32,092 | 12,957 | 25.3 | — |
In its most recent public year (2023), this organization brought in $12,957 more than it spent. Its reserves stood at about 25.3 months of spending, up from 19.7 in 2019.
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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