Grand Rapids Public Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 204,728 | 337,564 | −132,836 | 95.4 | 36% |
| 2012 | 539,577 | 466,198 | 73,379 | 67.5 | 6% |
| 2013 | 375,139 | 208,716 | 166,423 | 172.7 | 12% |
| 2014 | 372,539 | 213,586 | 158,953 | 203.1 | 14% |
| 2015 | 233,918 | 178,839 | 55,079 | 249.3 | 17% |
| 2016 | 209,548 | 237,031 | −27,483 | 187.1 | 14% |
| 2017 | 260,242 | 285,288 | −25,046 | 170.6 | 13% |
| 2018 | 292,118 | 244,465 | 47,653 | 214.1 | 19% |
| 2019 | 268,517 | 273,035 | −4,518 | 201.5 | 17% |
| 2020 | 434,836 | 281,804 | 153,032 | 203.8 | 16% |
| 2021 | 901,306 | 287,781 | 613,525 | 247.9 | 17% |
| 2022 | 504,023 | 369,335 | 134,688 | 170.7 | 12% |
| 2023 | 550,689 | 364,868 | 185,821 | 186.8 | 14% |
In its most recent public year (2023), this organization brought in $185,821 more than it spent. Its reserves stood at about 186.8 months of spending, up from 95.4 in 2011. Staff pay was 14% of spending. $5,115,476 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
Grand Rapids Public Library Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works