Morristown Centennial Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 463,484 | 179,120 | 284,364 | 141.8 | 60% |
| 2012 | 423,396 | 175,407 | 247,989 | 161.2 | 63% |
| 2013 | 618,926 | 1,884,298 | −1,265,372 | 7.6 | 6% |
| 2014 | 262,466 | 218,017 | 44,449 | 75.5 | 54% |
| 2015 | 283,581 | 219,116 | 64,465 | 77.3 | 58% |
| 2016 | 344,298 | 242,551 | 101,747 | 80.5 | 59% |
| 2017 | 408,746 | 258,543 | 150,203 | 89.1 | 58% |
| 2018 | 302,935 | 284,397 | 18,538 | 84.2 | 57% |
| 2019 | 376,306 | 288,119 | 88,187 | 71.7 | 55% |
| 2020 | 248,590 | 326,066 | −77,476 | 47.7 | 52% |
| 2021 | 539,417 | 290,778 | 248,639 | 73.9 | 55% |
| 2022 | 373,894 | 339,082 | 34,812 | 54.4 | 58% |
| 2023 | 306,964 | 333,612 | −26,648 | 55.6 | 61% |
In its most recent public year (2023), this organization spent $26,648 more than it brought in. Its reserves stood at about 55.6 months of spending, down from 141.8 in 2011. Staff pay was 61% of spending. $265,515 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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