Latham Memorial Library Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 131,471 | 109,221 | 22,250 | 82.4 | 65% |
| 2020 | 140,808 | 108,838 | 31,970 | 89.2 | 71% |
| 2021 | 236,650 | 138,718 | 97,932 | 91.2 | 59% |
| 2022 | 159,895 | 125,887 | 34,008 | 67.9 | 64% |
| 2023 | 174,048 | 160,095 | 13,953 | 57.1 | 70% |
In its most recent public year (2023), this organization brought in $13,953 more than it spent. Its reserves stood at about 57.1 months of spending, down from 82.4 in 2019. Staff pay was 70% of spending. $357,481 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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