Somerset County Federated Library System Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 281,127 | 380,519 | −99,392 | 0.3 | 21% |
| 2012 | 393,002 | 388,665 | 4,337 | 0.5 | 21% |
| 2013 | 474,445 | 367,545 | 106,900 | 4.0 | 16% |
| 2014 | 456,238 | 391,704 | 64,534 | 5.7 | 22% |
| 2015 | 377,330 | 392,974 | −15,644 | 5.2 | 22% |
| 2016 | 380,896 | 394,592 | −13,696 | 4.8 | 22% |
| 2017 | 387,735 | 389,225 | −1,490 | 4.8 | 21% |
| 2018 | 387,469 | 385,559 | 1,910 | 4.9 | 22% |
| 2019 | 393,800 | 389,842 | 3,958 | 5.0 | 21% |
| 2020 | 484,918 | 428,248 | 56,670 | 6.1 | 19% |
| 2021 | 335,554 | 395,066 | −59,512 | 4.8 | 24% |
| 2022 | 429,775 | 446,520 | −16,745 | 3.8 | 21% |
| 2023 | 435,499 | 455,307 | −19,808 | 3.2 | 22% |
In its most recent public year (2023), this organization spent $19,808 more than it brought in. Its reserves stood at about 3.2 months of spending, up from 0.3 in 2011. Staff pay was 22% of spending. $4,768 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
Somerset County Federated Library System Inc'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