Richmond Memorial Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 8,158 | 443 | 7,715 | 1552.8 | — |
| 2022 | 63,130 | 765 | 62,365 | 1877.5 | — |
| 2023 | 99,292 | 2,116 | 97,176 | 1229.9 | — |
In its most recent public year (2023), this organization brought in $97,176 more than it spent. Its reserves stood at about 1229.9 months of spending, down from 1552.8 in 2021.
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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