Norman Williams Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 909,103 | 591,339 | 317,764 | 116.6 | 48% |
| 2021 | 530,318 | 597,663 | −67,345 | 120.8 | 46% |
| 2022 | 1,716,852 | 704,483 | 1,012,369 | 110.8 | 49% |
| 2023 | 665,609 | 754,968 | −89,359 | 107.1 | 48% |
In its most recent public year (2023), this organization spent $89,359 more than it brought in. Its reserves stood at about 107.1 months of spending, down from 116.6 in 2020. Staff pay was 48% of spending. $142,265 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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