Friends Of The Gates Mills Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 20,252 | 4,667 | 15,585 | 1047.9 | — |
| 2022 | 18,012 | 9,360 | 8,652 | 460.2 | — |
| 2023 | 17,104 | 9,629 | 7,475 | 509.8 | — |
| 2024 | 41,819 | 15,177 | 26,642 | 388.4 | — |
In its most recent public year (2024), this organization brought in $26,642 more than it spent. Its reserves stood at about 388.4 months of spending, down from 1047.9 in 2021.
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 2024. 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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