Richards Free Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 618,877 | 614,875 | 4,002 | 49.0 | 48% |
| 2020 | 627,102 | 531,091 | 96,011 | 58.9 | 51% |
| 2021 | 772,261 | 564,300 | 207,961 | 59.9 | 52% |
| 2022 | 686,179 | 696,951 | −10,772 | 48.3 | 51% |
| 2023 | 907,654 | 732,955 | 174,699 | 48.8 | 49% |
In its most recent public year (2023), this organization brought in $174,699 more than it spent. Its reserves stood at about 48.8 months of spending. Staff pay was 49% of spending. $1,213,078 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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