Midland County Public Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 304,460 | 175,308 | 129,152 | 42.0 | 46% |
| 2021 | 418,526 | 336,711 | 81,815 | 26.0 | 24% |
| 2022 | 381,450 | 349,594 | 31,856 | 24.7 | 24% |
| 2023 | 279,130 | 426,741 | −147,611 | 16.8 | 20% |
In its most recent public year (2023), this organization spent $147,611 more than it brought in. Its reserves stood at about 16.8 months of spending, down from 42 in 2020. Staff pay was 20% of spending. $24,363 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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