Palmyra Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 428,232 | 329,935 | 98,297 | 62.7 | 35% |
| 2021 | 437,946 | 316,353 | 121,593 | 71.7 | 38% |
| 2022 | 454,399 | 354,918 | 99,481 | 65.7 | 37% |
| 2023 | 472,068 | 371,785 | 100,283 | 67.1 | 38% |
In its most recent public year (2023), this organization brought in $100,283 more than it spent. Its reserves stood at about 67.1 months of spending, up from 62.7 in 2020. Staff pay was 38% of spending. $138,000 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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