Massachusetts Library System Inc
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2021 | $10,392,045 | $9,085,613 | $1,306,432 | 8.3 | 18% |
| 2022 | $11,793,761 | $10,823,353 | $970,408 | 8.1 | 18% |
| 2023 | $12,470,405 | $12,919,016 | −$448,611 | 6.3 | 17% |
| 2024 | $13,947,906 | $12,703,852 | $1,244,054 | 7.6 | 19% |
In its most recent public year (2024), this organization brought in $1,244,054 more than it spent. Its reserves stood at about 7.6 months of spending. Staff pay was 19% of spending. $1,372,180 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 2024. 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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