Malden Public Library
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $661,656 | $533,647 | $128,009 | 339.2 | 0% |
| 2021 | $2,337,818 | $485,201 | $1,852,617 | 434.8 | 0% |
| 2022 | $599,218 | $706,708 | −$107,490 | 258.8 | 2% |
| 2023 | $662,301 | $730,497 | −$68,196 | 260.2 | 3% |
| 2024 | $1,275,392 | $848,054 | $427,338 | 240.8 | 2% |
In its most recent public year (2024), this organization brought in $427,338 more than it spent. Its reserves stood at about 240.8 months of spending, down from 339.2 in 2020. Staff pay was 2% of spending. $7,800,860 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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