Long Beach Public Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,916,602 | 1,931,171 | 1,985,431 | 78.7 | 17% |
| 2021 | 1,189,781 | 1,582,988 | −393,207 | 97.9 | 22% |
| 2022 | 891,510 | 1,615,744 | −724,234 | 80.3 | 25% |
| 2023 | 1,259,296 | 1,446,275 | −186,979 | 93.8 | 32% |
In its most recent public year (2023), this organization spent $186,979 more than it brought in. Its reserves stood at about 93.8 months of spending, up from 78.7 in 2020. Staff pay was 32% of spending. $5,285,583 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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