Friends Of The Hennepin County Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,296,752 | 1,240,490 | 56,262 | 22.9 | 36% |
| 2012 | 1,439,027 | 1,392,959 | 46,068 | 21.5 | 25% |
| 2013 | 1,596,086 | 1,647,136 | −51,050 | 18.5 | 26% |
| 2014 | 1,560,421 | 1,835,877 | −275,456 | 14.6 | 27% |
| 2015 | 1,832,113 | 1,776,898 | 55,215 | 14.9 | 24% |
| 2016 | 3,058,532 | 1,941,597 | 1,116,935 | 20.9 | 23% |
| 2017 | 2,203,709 | 2,347,652 | −143,943 | 17.5 | 19% |
| 2018 | 2,781,669 | 2,490,592 | 291,077 | 16.8 | 20% |
| 2019 | 3,641,849 | 2,627,258 | 1,014,591 | 21.8 | 22% |
| 2020 | 2,893,102 | 2,954,059 | −60,957 | 20.7 | 22% |
| 2021 | 5,950,054 | 3,519,311 | 2,430,743 | 25.9 | 20% |
| 2022 | 4,920,419 | 3,996,666 | 923,753 | 21.6 | 20% |
| 2023 | 4,105,719 | 4,015,277 | 90,442 | 23.1 | 20% |
In its most recent public year (2023), this organization brought in $90,442 more than it spent. Its reserves stood at about 23.1 months of spending. Staff pay was 20% of spending. $1,486,408 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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