Norwood Library Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,237,748 | 491,101 | 746,647 | 26.3 | 35% |
| 2012 | 477,347 | 1,225,716 | −748,369 | 3.2 | 13% |
| 2013 | 689,929 | 431,583 | 258,346 | 16.3 | 12% |
| 2014 | 456,427 | 526,571 | −70,144 | 11.8 | 32% |
| 2015 | 402,490 | 416,748 | −14,258 | 0.0 | 39% |
| 2016 | 478,923 | 395,613 | 83,310 | 0.0 | 43% |
| 2017 | 460,120 | 466,738 | −6,618 | 15.1 | 38% |
| 2018 | 452,677 | 396,522 | 56,155 | 0.0 | 44% |
| 2019 | 829,825 | 533,066 | 296,759 | 0.0 | 34% |
| 2020 | 452,804 | 608,026 | −155,222 | 15.5 | 23% |
| 2021 | 545,016 | 487,174 | 57,842 | 20.7 | 30% |
| 2022 | 485,096 | 526,690 | −41,594 | 18.2 | 37% |
| 2023 | 523,115 | 476,665 | 46,450 | 21.3 | 38% |
In its most recent public year (2023), this organization brought in $46,450 more than it spent. Its reserves stood at about 21.3 months of spending, down from 26.3 in 2011. Staff pay was 38% of spending.
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
Norwood Library Association Inc'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