The Memorial Library Of Nazareth And Vicinity
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 539,149 | 501,133 | 38,016 | 21.2 | 54% |
| 2021 | 634,090 | 594,557 | 39,533 | 18.0 | 47% |
| 2022 | 714,688 | 756,317 | −41,629 | 11.9 | 42% |
| 2023 | 772,655 | 661,073 | 111,582 | 16.3 | 50% |
In its most recent public year (2023), this organization brought in $111,582 more than it spent. Its reserves stood at about 16.3 months of spending, down from 21.2 in 2020. Staff pay was 50% of spending. $81,050 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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