Richard Salters Storrs Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 195,551 | 188,375 | 7,176 | 86.4 | 0% |
| 2021 | 252,353 | 201,831 | 50,522 | 97.0 | 0% |
| 2022 | 305,580 | 196,758 | 108,822 | 89.5 | 0% |
| 2023 | 197,457 | 180,456 | 17,001 | 104.6 | 0% |
| 2024 | 330,217 | 191,794 | 138,423 | 109.1 | 0% |
In its most recent public year (2024), this organization brought in $138,423 more than it spent. Its reserves stood at about 109.1 months of spending, up from 86.4 in 2020. Staff pay was 0% of spending. $346,786 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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