Seekonk Library Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 21,275 | 12,793 | 8,482 | 626.8 | 0% |
| 2021 | 68,469 | 34,617 | 33,852 | 269.6 | 0% |
| 2022 | 23,221 | 12,335 | 10,886 | 696.9 | 0% |
| 2023 | 87,778 | 16,608 | 71,170 | 550.0 | 0% |
In its most recent public year (2023), this organization brought in $71,170 more than it spent. Its reserves stood at about 550 months of spending, down from 626.8 in 2020. Staff pay was 0% 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
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