Hastings Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 47,674 | 48,813 | −1,139 | 18.3 | — |
| 2012 | 52,152 | 47,785 | 4,367 | 19.8 | — |
| 2013 | 55,806 | 45,821 | 9,985 | 23.3 | — |
| 2014 | 57,092 | 44,655 | 12,437 | 27.2 | — |
| 2015 | 52,366 | 49,489 | 2,877 | 25.3 | — |
| 2016 | 60,471 | 43,710 | 16,761 | 33.2 | — |
| 2017 | 125,809 | 117,240 | 8,569 | 14.2 | — |
| 2018 | 179,262 | 189,633 | −10,371 | 8.1 | — |
| 2019 | 71,413 | 56,258 | 15,155 | 30.6 | — |
| 2020 | 358,791 | 57,499 | 301,292 | 92.8 | 32% |
| 2021 | 490,143 | 74,057 | 416,086 | 139.5 | 27% |
| 2022 | 97,576 | 78,554 | 19,022 | 134.4 | 24% |
| 2023 | 67,265 | 88,416 | −21,151 | 116.6 | 31% |
In its most recent public year (2023), this organization spent $21,151 more than it brought in. Its reserves stood at about 116.6 months of spending, up from 18.3 in 2011. Staff pay was 31% 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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