Virginia Beach Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 62,284 | 9,469 | 52,815 | 1654.5 | 0% |
| 2012 | 37,045 | 38,296 | −1,251 | 408.7 | 0% |
| 2013 | 103,465 | 157,518 | −54,053 | 95.2 | 0% |
| 2014 | 172,783 | 46,885 | 125,898 | 352.2 | 0% |
| 2015 | 109,502 | 34,659 | 74,843 | 502.4 | 0% |
| 2016 | 110,338 | 110,299 | 39 | 157.9 | 0% |
| 2017 | 134,222 | 138,350 | −4,128 | 125.5 | 0% |
| 2018 | 136,330 | 132,729 | 3,601 | 130.5 | 0% |
| 2019 | 309,102 | 300,926 | 8,176 | 57.4 | 0% |
| 2020 | 149,649 | 123,928 | 25,721 | 138.8 | 0% |
| 2021 | 136,958 | 111,516 | 25,442 | 187.2 | 0% |
| 2022 | 151,584 | 85,628 | 65,956 | 212.8 | 0% |
| 2023 | 128,556 | 124,986 | 3,570 | 155.8 | 0% |
| 2024 | 158,365 | 239,513 | −81,148 | 82.9 | 0% |
In its most recent public year (2024), this organization spent $81,148 more than it brought in. Its reserves stood at about 82.9 months of spending, down from 1654.5 in 2011. Staff pay was 0% of spending. $1,566,380 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 2024. 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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