Community Libraries Of Providence
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 5,993,265 | 5,498,540 | 494,725 | 7.0 | 55% |
| 2020 | 5,421,047 | 5,690,290 | −269,243 | 6.2 | 57% |
| 2021 | 6,105,940 | 5,837,303 | 268,637 | 6.6 | 52% |
| 2022 | 5,761,231 | 5,706,115 | 55,116 | 6.9 | 53% |
| 2023 | 5,801,953 | 6,383,529 | −581,576 | 6.0 | 53% |
In its most recent public year (2023), this organization spent $581,576 more than it brought in. Its reserves stood at about 6 months of spending. Staff pay was 53% of spending. $327,131 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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