Spring City Free Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 111,776 | 124,379 | −12,603 | 89.5 | 62% |
| 2012 | 118,502 | 122,096 | −3,594 | 95.7 | 65% |
| 2013 | 148,972 | 137,008 | 11,964 | 86.3 | 58% |
| 2014 | 646,413 | 163,846 | 482,567 | 107.5 | 47% |
| 2015 | 132,346 | 170,755 | −38,409 | 104.0 | 45% |
| 2016 | 138,937 | 165,255 | −26,318 | 105.5 | 45% |
| 2017 | 113,466 | 165,503 | −52,037 | 101.6 | 47% |
| 2018 | 118,127 | 163,975 | −45,848 | 99.2 | 47% |
| 2019 | 124,961 | 183,259 | −58,298 | 84.9 | 47% |
| 2020 | 137,734 | 183,049 | −45,315 | 82.1 | 27% |
| 2021 | 145,291 | 173,679 | −28,388 | 84.5 | 45% |
| 2022 | 172,544 | 224,486 | −51,942 | 62.6 | 43% |
| 2023 | 183,576 | 199,281 | −15,705 | 69.6 | 47% |
In its most recent public year (2023), this organization spent $15,705 more than it brought in. Its reserves stood at about 69.6 months of spending, down from 89.5 in 2011. Staff pay was 47% of spending. $10,070 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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