Friends Of The Southfield Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 38,043 | 41,288 | −3,245 | 42.3 | — |
| 2020 | 11,520 | 20,231 | −8,711 | 81.1 | — |
| 2021 | 7,825 | 15,078 | −7,253 | 103.1 | — |
| 2022 | 21,839 | 22,828 | −989 | 67.6 | — |
| 2023 | 28,295 | 30,326 | −2,031 | 50.1 | — |
In its most recent public year (2023), this organization spent $2,031 more than it brought in. Its reserves stood at about 50.1 months of spending, up from 42.3 in 2019.
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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