Sykesville Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 49,122 | 52,889 | −3,767 | 21.2 | — |
| 2020 | 54,123 | 43,946 | 10,177 | 28.3 | — |
| 2021 | 57,083 | 44,622 | 12,461 | 31.2 | — |
| 2022 | 50,403 | 40,369 | 10,034 | 37.5 | — |
| 2023 | 300,986 | 45,893 | 255,093 | 99.7 | 52% |
In its most recent public year (2023), this organization brought in $255,093 more than it spent. Its reserves stood at about 99.7 months of spending, up from 21.2 in 2019. Staff pay was 52% 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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