Old Tappan Free Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 601,199 | 595,440 | 5,759 | 25.8 | 35% |
| 2021 | 607,166 | 618,357 | −11,191 | 24.6 | 34% |
| 2022 | 641,288 | 628,116 | 13,172 | 24.5 | 15% |
| 2023 | 699,030 | 663,400 | 35,630 | 23.8 | 15% |
In its most recent public year (2023), this organization brought in $35,630 more than it spent. Its reserves stood at about 23.8 months of spending, down from 25.8 in 2020. Staff pay was 15% of spending. $127,054 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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