The Newport Beach Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 759,960 | 691,266 | 68,694 | 43.5 | 12% |
| 2012 | 1,100,063 | 771,551 | 328,512 | 44.0 | 11% |
| 2013 | 1,062,101 | 951,106 | 110,995 | 38.7 | 12% |
| 2014 | 1,008,372 | 810,305 | 198,067 | 49.1 | 14% |
| 2015 | 888,244 | 946,758 | −58,514 | 40.4 | 17% |
| 2016 | 716,147 | 928,799 | −212,652 | 36.0 | 0% |
| 2017 | 805,749 | 948,180 | −142,431 | 36.4 | 24% |
| 2018 | 899,937 | 949,552 | −49,615 | 35.0 | 26% |
| 2019 | 625,015 | 782,319 | −157,304 | 40.1 | 29% |
| 2020 | 833,620 | 721,087 | 112,533 | 45.3 | 34% |
| 2021 | 721,757 | 529,402 | 192,355 | 78.4 | 41% |
| 2022 | 977,443 | 639,927 | 337,516 | 57.4 | 37% |
| 2023 | 3,624,509 | 674,558 | 2,949,951 | 111.1 | 38% |
| 2024 | 7,111,675 | 9,869,745 | −2,758,070 | 4.7 | 3% |
In its most recent public year (2024), this organization spent $2,758,070 more than it brought in. Its reserves stood at about 4.7 months of spending, down from 43.5 in 2011. Staff pay was 3% of spending. $3,404,787 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
The Newport Beach Library Foundation's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works