Middletown Free Library Assoc Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 395,152 | 394,952 | 200 | 3.1 | 46% |
| 2012 | 405,423 | 413,654 | −8,231 | 2.7 | 48% |
| 2013 | 445,063 | 457,012 | −11,949 | 2.1 | 48% |
| 2014 | 519,382 | 457,968 | 61,414 | 3.7 | 52% |
| 2015 | 459,044 | 501,543 | −42,499 | 2.3 | 51% |
| 2016 | 488,530 | 489,078 | −548 | 2.4 | 52% |
| 2017 | 548,836 | 504,568 | 44,268 | 3.4 | 50% |
| 2018 | 537,846 | 475,386 | 62,460 | 5.1 | 52% |
| 2019 | 668,595 | 506,740 | 161,855 | 8.8 | 58% |
| 2020 | 622,115 | 465,278 | 156,837 | 13.7 | 55% |
| 2021 | 1,188,114 | 1,087,020 | 101,094 | 7.0 | 23% |
| 2022 | 1,043,578 | 509,182 | 534,396 | 27.3 | 50% |
| 2023 | 693,229 | 513,951 | 179,278 | 32.8 | 53% |
In its most recent public year (2023), this organization brought in $179,278 more than it spent. Its reserves stood at about 32.8 months of spending, up from 3.1 in 2011. Staff pay was 53% of spending. $190,016 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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