North Canton Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 461,362 | 116,190 | 345,172 | 419.2 | 30% |
| 2021 | 539,010 | 483,418 | 55,592 | 102.1 | 7% |
| 2022 | 125,990 | 183,453 | −57,463 | 265.3 | 19% |
| 2023 | 123,130 | 425,951 | −302,821 | 105.8 | 8% |
In its most recent public year (2023), this organization spent $302,821 more than it brought in. Its reserves stood at about 105.8 months of spending, down from 419.2 in 2020. Staff pay was 8% of spending.
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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