Oil Region Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 903,778 | 753,780 | 149,998 | 56.8 | 49% |
| 2021 | 1,015,432 | 1,084,591 | −69,159 | 42.4 | 32% |
| 2022 | 1,081,025 | 817,917 | 263,108 | 52.9 | 42% |
| 2023 | 1,119,152 | 932,506 | 186,646 | 51.8 | 46% |
In its most recent public year (2023), this organization brought in $186,646 more than it spent. Its reserves stood at about 51.8 months of spending, down from 56.8 in 2020. Staff pay was 46% of spending. $1,718,980 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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