Centre County Library & Historical Museum
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 921,905 | 850,486 | 71,419 | 52.2 | 57% |
| 2021 | 1,032,611 | 896,673 | 135,938 | 51.9 | 57% |
| 2022 | 796,849 | 1,045,027 | −248,178 | 40.1 | 57% |
| 2023 | 1,022,262 | 925,804 | 96,458 | 48.1 | 62% |
In its most recent public year (2023), this organization brought in $96,458 more than it spent. Its reserves stood at about 48.1 months of spending, down from 52.2 in 2020. Staff pay was 62% of spending. $370,435 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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