Greensboro Free Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 99,934 | 109,756 | −9,822 | 110.9 | 47% |
| 2020 | 118,213 | 105,734 | 12,479 | 121.5 | 46% |
| 2021 | 169,210 | 127,831 | 41,379 | 106.0 | 47% |
| 2022 | 137,398 | 134,512 | 2,886 | 90.1 | 46% |
| 2023 | 185,255 | 150,226 | 35,029 | 88.5 | 44% |
In its most recent public year (2023), this organization brought in $35,029 more than it spent. Its reserves stood at about 88.5 months of spending, down from 110.9 in 2019. Staff pay was 44% of spending. $399,042 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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