Norwich Public Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 321,680 | 301,339 | 20,341 | 39.3 | 55% |
| 2013 | 389,788 | 317,546 | 72,242 | 40.2 | 55% |
| 2014 | 338,323 | 387,912 | −49,589 | 31.9 | 48% |
| 2015 | 455,251 | 373,239 | 82,012 | 35.7 | 53% |
| 2016 | 379,317 | 386,601 | −7,284 | 34.3 | 57% |
| 2017 | 424,653 | 422,770 | 1,883 | 31.7 | 56% |
| 2018 | 402,595 | 440,796 | −38,201 | 29.5 | 56% |
| 2019 | 407,390 | 457,257 | −49,867 | 27.3 | 53% |
| 2020 | 475,012 | 427,559 | 47,453 | 30.8 | 61% |
| 2021 | 457,421 | 435,872 | 21,549 | 31.7 | 58% |
| 2022 | 422,762 | 422,161 | 601 | 31.3 | 59% |
| 2023 | 445,157 | 472,447 | −27,290 | 27.5 | 61% |
| 2024 | 486,604 | 503,401 | −16,797 | 25.9 | 61% |
In its most recent public year (2024), this organization spent $16,797 more than it brought in. Its reserves stood at about 25.9 months of spending, down from 39.3 in 2012. Staff pay was 61% of spending. $6,186 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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