Providence Public Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,665,414 | 2,812,696 | 3,852,718 | 134.3 | 0% |
| 2012 | 1,994,335 | 2,158,706 | −164,371 | 166.8 | 0% |
| 2013 | 2,062,469 | 2,029,332 | 33,137 | 187.1 | 0% |
| 2014 | 3,287,350 | 2,357,992 | 929,358 | 174.4 | 0% |
| 2015 | 1,748,284 | 2,472,493 | −724,209 | 163.5 | 0% |
| 2016 | 2,056,442 | 2,384,130 | −327,688 | 161.0 | 0% |
| 2017 | 1,345,614 | 2,535,662 | −1,190,048 | 157.8 | 0% |
| 2018 | 2,209,151 | 2,304,249 | −95,098 | 180.1 | 0% |
| 2019 | 2,603,067 | 2,490,035 | 113,032 | 166.7 | 0% |
| 2020 | 242,601 | 2,850,441 | −2,607,840 | 139.2 | 0% |
| 2021 | 2,771,524 | 3,843,750 | −1,072,226 | 117.9 | 0% |
| 2022 | 3,076,683 | 2,726,618 | 350,065 | 140.3 | 0% |
| 2023 | 1,605,588 | 3,296,772 | −1,691,184 | 113.4 | 0% |
In its most recent public year (2023), this organization spent $1,691,184 more than it brought in. Its reserves stood at about 113.4 months of spending, down from 134.3 in 2011. Staff pay was 0% of spending. $5,390,602 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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