Rapid City Library Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 40,225 | 19,165 | 21,060 | 727.0 | 0% |
| 2021 | 131,195 | 27,282 | 103,913 | 605.7 | 0% |
| 2022 | 250,092 | 98,777 | 151,315 | 165.5 | 0% |
| 2023 | 112,596 | 233,827 | −121,231 | 68.4 | 0% |
In its most recent public year (2023), this organization spent $121,231 more than it brought in. Its reserves stood at about 68.4 months of spending, down from 727 in 2020. Staff pay was 0% of spending. $1,291,941 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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