Trustees Of The Free Public Library Of The Borough Of Pennington
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 179,458 | 175,434 | 4,024 | 5.9 | — |
| 2012 | 181,673 | 179,416 | 2,257 | 5.9 | — |
| 2013 | 191,734 | 190,861 | 873 | 5.6 | — |
| 2014 | 224,431 | 214,376 | 10,055 | 4.6 | 37% |
| 2015 | 179,937 | 187,621 | −7,684 | 4.3 | 48% |
| 2016 | 181,008 | 184,425 | −3,417 | 4.2 | 43% |
| 2017 | 181,915 | 187,380 | −5,465 | 3.7 | 43% |
| 2018 | 183,718 | 189,703 | −5,985 | 3.3 | 42% |
| 2019 | 227,133 | 196,626 | 30,507 | 5.1 | 43% |
| 2020 | 187,712 | 174,773 | 12,939 | 6.6 | 27% |
| 2021 | 184,013 | 181,841 | 2,172 | 6.5 | 46% |
| 2022 | 204,005 | 194,822 | 9,183 | 6.6 | 42% |
| 2023 | 232,315 | 207,567 | 24,748 | 7.6 | 42% |
In its most recent public year (2023), this organization brought in $24,748 more than it spent. Its reserves stood at about 7.6 months of spending, up from 5.9 in 2011. Staff pay was 42% of spending. $100,230 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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