Springfield Township Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 715,420 | 579,524 | 135,896 | 8.8 | 76% |
| 2021 | 740,131 | 569,403 | 170,728 | 12.6 | 75% |
| 2022 | 768,139 | 639,936 | 128,203 | 12.1 | 73% |
| 2023 | 734,368 | 669,725 | 64,643 | 13.2 | 71% |
In its most recent public year (2023), this organization brought in $64,643 more than it spent. Its reserves stood at about 13.2 months of spending, up from 8.8 in 2020. Staff pay was 71% of spending. $198,455 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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