Friends Of The Northborough Library Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 11,644 | 12,101 | −457 | 94.7 | — |
| 2021 | 22,364 | 7,743 | 14,621 | 170.6 | — |
| 2022 | 25,227 | 37,832 | −12,605 | 30.9 | — |
| 2023 | 34,379 | 51,602 | −17,223 | 18.7 | — |
In its most recent public year (2023), this organization spent $17,223 more than it brought in. Its reserves stood at about 18.7 months of spending, down from 94.7 in 2020.
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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