Friends Of The Elk Rapids District Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 476,253 | 476,935 | −682 | 1.1 | 0% |
| 2021 | 44,377 | 44,450 | −73 | 12.3 | 0% |
| 2022 | 55,107 | 14,259 | 40,848 | 72.6 | 0% |
| 2023 | 73,062 | 36,449 | 36,613 | 40.4 | 0% |
| 2024 | 46,827 | 88,033 | −41,206 | 11.1 | 0% |
In its most recent public year (2024), this organization spent $41,206 more than it brought in. Its reserves stood at about 11.1 months of spending, up from 1.1 in 2020. Staff pay was 0% of spending. $10,000 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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