Laughlin Memorial Free Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 255,694 | 302,611 | −46,917 | 182.1 | 47% |
| 2011 | 283,871 | 260,773 | 23,098 | 212.4 | 50% |
| 2012 | 243,962 | 279,244 | −35,282 | 196.9 | 45% |
| 2013 | 313,142 | 274,163 | 38,979 | 202.2 | 10% |
| 2014 | 223,589 | 218,839 | 4,750 | 253.6 | 13% |
| 2015 | 358,378 | 373,099 | −14,721 | 148.3 | 0% |
| 2016 | 240,236 | 244,341 | −4,105 | 226.2 | 55% |
| 2017 | 288,933 | 268,504 | 20,429 | 206.8 | 47% |
| 2018 | 232,570 | 255,370 | −22,800 | 216.3 | 48% |
| 2019 | 258,969 | 220,137 | 38,832 | 253.1 | 51% |
| 2020 | 259,710 | 225,767 | 33,943 | 248.6 | 42% |
| 2021 | 290,525 | 182,962 | 107,563 | 313.8 | 44% |
| 2022 | 357,212 | 277,627 | 79,585 | 210.2 | 40% |
| 2023 | 1,017,378 | 727,835 | 289,543 | 85.0 | 16% |
In its most recent public year (2023), this organization brought in $289,543 more than it spent. Its reserves stood at about 85 months of spending, down from 182.1 in 2010. Staff pay was 16% of spending. $216,066 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
Laughlin Memorial Free Library's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works