Milford District Free Public Library Commission
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,163,441 | 680,536 | 482,905 | 94.4 | 35% |
| 2012 | 870,465 | 740,066 | 130,399 | 88.9 | 35% |
| 2013 | 710,630 | 749,816 | −39,186 | 87.1 | 34% |
| 2014 | 811,919 | 782,481 | 29,438 | 84.0 | 35% |
| 2015 | 708,104 | 780,609 | −72,505 | 83.0 | 37% |
| 2016 | 626,633 | 774,814 | −148,181 | 81.4 | 39% |
| 2017 | 699,380 | 847,698 | −148,318 | 72.8 | 40% |
| 2018 | 634,698 | 931,249 | −296,551 | 62.7 | 41% |
| 2019 | 674,465 | 890,966 | −216,501 | 62.9 | 47% |
| 2020 | 815,900 | 934,665 | −118,765 | 58.3 | 47% |
| 2021 | 748,627 | 911,135 | −162,508 | 59.9 | 47% |
| 2022 | 876,759 | 1,047,557 | −170,798 | 48.6 | 5% |
| 2023 | 1,096,412 | 1,031,794 | 64,618 | 51.4 | 45% |
In its most recent public year (2023), this organization brought in $64,618 more than it spent. Its reserves stood at about 51.4 months of spending, down from 94.4 in 2011. Staff pay was 45% of spending.
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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