Prospect Park Free Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 87,712 | 67,832 | 19,880 | 6.3 | — |
| 2012 | 68,066 | 67,027 | 1,039 | 6.5 | — |
| 2013 | 70,004 | 67,806 | 2,198 | 6.9 | — |
| 2014 | 73,273 | 86,489 | −13,216 | 3.5 | — |
| 2015 | 77,289 | 80,130 | −2,841 | 3.4 | — |
| 2016 | 65,906 | 63,688 | 2,218 | 4.7 | — |
| 2017 | 69,380 | 62,941 | 6,439 | 6.0 | — |
| 2018 | 69,624 | 59,195 | 10,429 | 8.5 | — |
| 2019 | 65,224 | 59,981 | 5,243 | 9.4 | — |
| 2020 | 69,051 | 54,146 | 14,905 | 13.7 | — |
| 2021 | 58,434 | 48,235 | 10,199 | 17.9 | — |
| 2022 | 321,153 | 53,725 | 267,428 | 75.8 | 61% |
| 2023 | 84,554 | 57,924 | 26,630 | 75.9 | 61% |
In its most recent public year (2023), this organization brought in $26,630 more than it spent. Its reserves stood at about 75.9 months of spending, up from 6.3 in 2011. Staff pay was 61% of spending. $249,383 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
Prospect Park Free 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