Friends Of The Charlotte Library Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 292,269 | 552,396 | −260,127 | 0.7 | 0% |
| 2021 | 72,278 | 57,902 | 14,376 | 9.2 | — |
| 2022 | 45,441 | 18,403 | 27,038 | 46.6 | — |
In its most recent public year (2022), this organization brought in $27,038 more than it spent. Its reserves stood at about 46.6 months of spending, up from 0.7 in 2020.
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 2022. 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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