Wellesley Free Library Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 735,877 | 448,909 | 286,968 | 143.3 | 0% |
| 2021 | 1,230,094 | 1,119,906 | 110,188 | 68.3 | 0% |
| 2022 | 1,467,125 | 631,762 | 835,363 | 120.5 | 0% |
| 2023 | 523,014 | 518,971 | 4,043 | 148.4 | 4% |
In its most recent public year (2023), this organization brought in $4,043 more than it spent. Its reserves stood at about 148.4 months of spending, up from 143.3 in 2020. Staff pay was 4% of spending. $5,808,480 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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