Second Century Library Endowment Fund Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 35,348 | 33,781 | 1,567 | 182.7 | 0% |
| 2021 | 51,487 | 25,731 | 25,756 | 266.4 | 0% |
| 2022 | 20,529 | 27,294 | −6,765 | 202.2 | 0% |
| 2023 | 6,029 | 24,070 | −18,041 | 236.2 | 0% |
In its most recent public year (2023), this organization spent $18,041 more than it brought in. Its reserves stood at about 236.2 months of spending, up from 182.7 in 2020. Staff pay was 0% 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
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