Friends Of The Narragansett Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 235,789 | 11,068 | 224,721 | 313.6 | 0% |
| 2021 | 369,537 | 9,178 | 360,359 | 849.3 | 0% |
| 2022 | 684,991 | 1,295,225 | −610,234 | 0.4 | 0% |
| 2023 | 500,127 | 470,622 | 29,505 | 1.8 | 0% |
In its most recent public year (2023), this organization brought in $29,505 more than it spent. Its reserves stood at about 1.8 months of spending, down from 313.6 in 2020. Staff pay was 0% of spending. $46,386 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
Friends Of The Narragansett Library's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works