Trustees Of The Salem Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 195,123 | 82,209 | 112,914 | 232.6 | 0% |
| 2021 | 168,563 | 91,181 | 77,382 | 255.3 | 0% |
| 2022 | 140,152 | 95,451 | 44,701 | 211.5 | 0% |
| 2023 | 89,595 | 84,313 | 5,282 | 257.6 | 0% |
In its most recent public year (2023), this organization brought in $5,282 more than it spent. Its reserves stood at about 257.6 months of spending, up from 232.6 in 2020. Staff pay was 0% of spending. $1,084,899 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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