Friends Of The Albion District Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,346 | 3,352 | 2,994 | 30.0 | — |
| 2012 | 6,137 | 5,702 | 435 | 18.5 | — |
| 2013 | 8,770 | 10,206 | −1,436 | 8.7 | — |
| 2014 | 8,785 | 8,227 | 558 | 11.6 | — |
| 2015 | 7,121 | 4,477 | 2,644 | 47.2 | — |
| 2016 | 6,784 | 5,125 | 1,659 | 45.1 | — |
| 2017 | 5,659 | 5,139 | 520 | 46.2 | — |
| 2018 | 6,718 | 583 | 6,135 | 533.8 | — |
| 2019 | 10,479 | 4,374 | 6,105 | 87.9 | — |
| 2020 | 5,168 | 6,089 | −921 | 54.6 | — |
| 2021 | 4,336 | 535 | 3,801 | 706.2 | — |
| 2022 | 18,532 | 10,504 | 8,028 | 45.1 | — |
| 2023 | 9,769 | 5,791 | 3,978 | 90.1 | — |
In its most recent public year (2023), this organization brought in $3,978 more than it spent. Its reserves stood at about 90.1 months of spending, up from 30 in 2011.
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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