Ludington Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 104,950 | 129,341 | −24,391 | 78.6 | 0% |
| 2012 | 166,449 | 126,257 | 40,192 | 87.7 | 0% |
| 2013 | 259,442 | 193,462 | 65,980 | 68.2 | 0% |
| 2014 | 241,890 | 208,613 | 33,277 | 67.2 | 0% |
| 2015 | 254,305 | 209,127 | 45,178 | 66.7 | 0% |
| 2016 | 277,353 | 211,836 | 65,517 | 74.5 | 0% |
| 2017 | 262,355 | 219,906 | 42,449 | 83.0 | 0% |
| 2018 | 355,599 | 242,944 | 112,655 | 70.5 | 0% |
| 2019 | 290,343 | 240,298 | 50,045 | 85.1 | 0% |
| 2020 | 221,003 | 175,567 | 45,436 | 121.2 | 0% |
| 2021 | 480,489 | 178,907 | 301,582 | 146.3 | 0% |
| 2022 | 542,625 | 203,042 | 339,583 | 129.2 | 0% |
| 2023 | 471,206 | 245,201 | 226,005 | 118.4 | 0% |
In its most recent public year (2023), this organization brought in $226,005 more than it spent. Its reserves stood at about 118.4 months of spending, up from 78.6 in 2011. 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
Ludington Public Library'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