Duluth Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 82,665 | 58,981 | 23,684 | 164.8 | 43% |
| 2012 | 155,687 | 79,324 | 76,363 | 134.1 | 0% |
| 2013 | 90,293 | 87,978 | 2,315 | 121.2 | 0% |
| 2014 | 131,026 | 94,753 | 36,273 | 117.1 | 0% |
| 2015 | 184,328 | 159,475 | 24,853 | 71.5 | 29% |
| 2016 | 119,141 | 147,907 | −28,766 | 74.7 | 39% |
| 2017 | 517,095 | 139,632 | 377,463 | 111.6 | 42% |
| 2018 | 245,292 | 174,953 | 70,339 | 93.9 | 38% |
| 2019 | 410,721 | 215,200 | 195,521 | 82.6 | 28% |
| 2020 | 391,571 | 242,960 | 148,611 | 79.1 | 35% |
| 2021 | 685,085 | 340,076 | 345,009 | 68.7 | 26% |
| 2022 | 417,028 | 304,000 | 113,028 | 80.0 | 36% |
| 2023 | 337,252 | 452,938 | −115,686 | 50.6 | 27% |
In its most recent public year (2023), this organization spent $115,686 more than it brought in. Its reserves stood at about 50.6 months of spending, down from 164.8 in 2011. Staff pay was 27% of spending.
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
Duluth 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