Rockford Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 69,863 | 5,786 | 64,077 | 942.3 | 0% |
| 2021 | 91,261 | 21,809 | 69,452 | 288.2 | 0% |
| 2022 | −6,024 | 11,100 | −17,124 | 547.7 | 0% |
| 2023 | 83,264 | 63,023 | 20,241 | 109.1 | 0% |
In its most recent public year (2023), this organization brought in $20,241 more than it spent. Its reserves stood at about 109.1 months of spending, down from 942.3 in 2020. Staff pay was 0% of spending. $52,279 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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