Free Library Of New Hope & Solebury
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 276,432 | 199,620 | 76,812 | 74.0 | 54% |
| 2012 | 275,782 | 225,723 | 50,059 | 68.0 | 49% |
| 2013 | 262,820 | 231,479 | 31,341 | 64.7 | 48% |
| 2014 | 294,681 | 238,297 | 56,384 | 66.8 | 48% |
| 2015 | 681,915 | 245,278 | 436,637 | 85.3 | 52% |
| 2016 | 336,639 | 262,839 | 73,800 | 85.1 | 51% |
| 2017 | 295,147 | 267,492 | 27,655 | 89.8 | 51% |
| 2018 | 297,744 | 278,674 | 19,070 | 84.0 | 51% |
| 2019 | 367,441 | 297,423 | 70,018 | 87.7 | 52% |
| 2020 | 325,975 | 289,813 | 36,162 | 96.9 | 55% |
| 2021 | 363,142 | 295,077 | 68,065 | 104.2 | 54% |
| 2022 | 323,921 | 332,036 | −8,115 | 83.0 | 52% |
| 2023 | 337,009 | 345,397 | −8,388 | 85.9 | 51% |
In its most recent public year (2023), this organization spent $8,388 more than it brought in. Its reserves stood at about 85.9 months of spending, up from 74 in 2011. Staff pay was 51% of spending. $132,671 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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