Library Board Of The Borough Of Oakmont
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 385,818 | 453,518 | −67,700 | 4.9 | 40% |
| 2012 | 421,459 | 438,970 | −17,511 | 4.6 | 43% |
| 2014 | 433,391 | 479,710 | −46,319 | 2.4 | 42% |
| 2015 | 509,607 | 510,014 | −407 | 2.1 | 41% |
| 2016 | 510,680 | 493,366 | 17,314 | 2.8 | 37% |
| 2017 | 537,905 | 501,437 | 36,468 | 3.9 | 37% |
| 2018 | 547,932 | 568,352 | −20,420 | 2.7 | 35% |
| 2019 | 1,278,419 | 605,764 | 672,655 | 16.3 | 35% |
| 2020 | 539,007 | 458,132 | 80,875 | 24.6 | 38% |
| 2021 | 722,361 | 560,477 | 161,884 | 23.9 | 38% |
| 2022 | 621,084 | 619,622 | 1,462 | 17.7 | 37% |
| 2023 | 673,965 | 626,940 | 47,025 | 19.8 | 41% |
In its most recent public year (2023), this organization brought in $47,025 more than it spent. Its reserves stood at about 19.8 months of spending, up from 4.9 in 2011. Staff pay was 41% of spending. $934,405 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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