Friends Of The Lakewood Libraries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 55,798 | 51,890 | 3,908 | 25.0 | — |
| 2012 | 52,644 | 43,368 | 9,276 | 32.4 | — |
| 2013 | 47,726 | 41,760 | 5,966 | 35.4 | — |
| 2014 | 59,085 | 43,117 | 15,968 | 38.7 | — |
| 2015 | 54,395 | 43,463 | 10,932 | 41.5 | — |
| 2016 | 54,959 | 43,102 | 11,857 | 45.1 | — |
| 2017 | 51,524 | 42,302 | 9,222 | 48.6 | — |
| 2018 | 51,466 | 39,434 | 12,032 | 55.8 | — |
| 2019 | 27,444 | 20,022 | 7,422 | 114.3 | — |
| 2020 | 9,316 | 12,083 | −2,767 | 186.6 | — |
| 2021 | 10,025 | 8,957 | 1,068 | 253.2 | — |
| 2023 | 21,584 | 7,933 | 13,651 | 326.2 | — |
In its most recent public year (2023), this organization brought in $13,651 more than it spent. Its reserves stood at about 326.2 months of spending, up from 25 in 2011.
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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