Norfolk Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 19,009 | 17,566 | 1,443 | 449.9 | 0% |
| 2012 | 21,732 | 15,968 | 5,764 | 499.2 | 0% |
| 2013 | 25,710 | 12,055 | 13,655 | 674.9 | 0% |
| 2014 | 47,256 | 83,029 | −35,773 | 92.8 | 0% |
| 2015 | 56,830 | 13,579 | 43,251 | 605.7 | 0% |
| 2016 | 23,735 | 12,995 | 10,740 | 642.9 | 0% |
| 2017 | 66,680 | 13,707 | 52,973 | 655.8 | 0% |
| 2018 | 34,782 | 34,808 | −26 | 258.3 | 0% |
| 2019 | 41,272 | 14,562 | 26,710 | 639.3 | 0% |
| 2020 | 57,487 | 5,172 | 52,315 | 1921.4 | 0% |
| 2021 | 122,621 | 25,724 | 96,897 | 431.5 | 0% |
| 2022 | 49,134 | 15,097 | 34,037 | 762.3 | 0% |
| 2023 | 71,585 | 20,353 | 51,232 | 595.7 | 0% |
In its most recent public year (2023), this organization brought in $51,232 more than it spent. Its reserves stood at about 595.7 months of spending, up from 449.9 in 2011. Staff pay was 0% of spending.
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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