Friends Of Tiverton Libraries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 9,442 | 14,466 | −5,024 | 27.4 | — |
| 2021 | 15,167 | 9,906 | 5,261 | 46.4 | — |
| 2022 | 18,112 | 11,927 | 6,185 | 44.7 | — |
| 2023 | 15,505 | 14,313 | 1,192 | 38.3 | — |
In its most recent public year (2023), this organization brought in $1,192 more than it spent. Its reserves stood at about 38.3 months of spending, up from 27.4 in 2020.
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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