Newport Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,231,475 | 2,392,772 | −161,297 | 28.6 | 43% |
| 2012 | 2,327,161 | 2,523,912 | −196,751 | 26.2 | 45% |
| 2013 | 2,329,364 | 2,448,762 | −119,398 | 26.4 | 46% |
| 2014 | 2,337,899 | 2,623,239 | −285,340 | 23.6 | 44% |
| 2015 | 2,367,311 | 2,465,217 | −97,906 | 24.6 | 45% |
| 2016 | 2,599,741 | 2,600,726 | −985 | 23.3 | 43% |
| 2017 | 2,597,412 | 2,619,330 | −21,918 | 23.1 | 43% |
| 2018 | 2,494,835 | 2,591,777 | −96,942 | 22.9 | 43% |
| 2019 | 2,691,007 | 2,630,018 | 60,989 | 22.8 | 44% |
| 2020 | 2,736,385 | 2,689,483 | 46,902 | 22.5 | 44% |
| 2021 | 2,744,004 | 2,640,068 | 103,936 | 23.4 | 45% |
| 2022 | 2,980,869 | 2,825,088 | 155,781 | 22.0 | 45% |
| 2023 | 2,587,857 | 2,796,394 | −208,537 | 21.5 | 46% |
In its most recent public year (2023), this organization spent $208,537 more than it brought in. Its reserves stood at about 21.5 months of spending, down from 28.6 in 2011. Staff pay was 46% of spending. $64,583 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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