Wyomissing Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 426,085 | 325,599 | 100,486 | 15.2 | 57% |
| 2021 | 342,521 | 343,184 | −663 | 14.5 | 54% |
| 2022 | 354,359 | 339,995 | 14,364 | 14.5 | 55% |
| 2023 | 378,704 | 330,415 | 48,289 | 16.9 | 56% |
In its most recent public year (2023), this organization brought in $48,289 more than it spent. Its reserves stood at about 16.9 months of spending, up from 15.2 in 2020. Staff pay was 56% of spending. $76,658 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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