Holyoke Public Library Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 104,283 | 378,628 | −274,345 | 168.6 | 0% |
| 2021 | 585,667 | 310,122 | 275,545 | 253.1 | 0% |
| 2022 | 833,101 | 446,659 | 386,442 | 137.8 | 0% |
| 2023 | 139,617 | 416,024 | −276,407 | 155.4 | 0% |
In its most recent public year (2023), this organization spent $276,407 more than it brought in. Its reserves stood at about 155.4 months of spending, down from 168.6 in 2020. Staff pay was 0% of spending. $980,638 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
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