Carmel Clay Public Library Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 401,842 | 252,442 | 149,400 | 70.3 | 49% |
| 2021 | 625,706 | 268,501 | 357,205 | 82.0 | 44% |
| 2022 | 1,052,776 | 483,396 | 569,380 | 57.1 | 26% |
| 2023 | 415,250 | 505,628 | −90,378 | 55.0 | 25% |
In its most recent public year (2023), this organization spent $90,378 more than it brought in. Its reserves stood at about 55 months of spending, down from 70.3 in 2020. Staff pay was 25% of spending. $941,803 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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