Talbot County Free Library Association Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,871,138 | 1,845,971 | 25,167 | 2.8 | 46% |
| 2012 | 1,950,684 | 2,036,763 | −86,079 | 1.4 | 42% |
| 2013 | 1,239,834 | 1,395,182 | −155,348 | 5.4 | 60% |
| 2014 | 1,361,885 | 1,418,789 | −56,904 | 4.0 | 60% |
| 2015 | 1,421,172 | 1,543,514 | −122,342 | 1.9 | 60% |
| 2016 | 1,491,897 | 1,517,966 | −26,069 | 1.0 | 62% |
| 2017 | 1,539,642 | 1,606,867 | −67,225 | -0.8 | 63% |
| 2018 | 1,654,132 | 1,690,640 | −36,508 | -4.2 | 61% |
| 2019 | 1,748,305 | 1,780,444 | −32,139 | -4.4 | 61% |
| 2020 | 1,783,566 | 1,784,607 | −1,041 | -4.3 | 62% |
| 2021 | 1,892,747 | 1,856,598 | 36,149 | -4.9 | 61% |
| 2022 | 2,019,680 | 1,935,269 | 84,411 | -5.4 | 59% |
| 2023 | 2,297,540 | 2,040,318 | 257,222 | -4.0 | 61% |
| 2024 | 2,511,802 | 2,185,456 | 326,346 | -2.4 | 62% |
In its most recent public year (2024), this organization brought in $326,346 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2.4 months), down from 2.8 in 2011. Staff pay was 62% 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 2024. 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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