Friends Of The Library Montgomery County Md Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 885,295 | 1,296,529 | −411,234 | 6.7 | 44% |
| 2021 | 1,619,701 | 1,065,197 | 554,504 | 14.5 | 42% |
| 2022 | 1,939,124 | 1,368,216 | 570,908 | 16.3 | 40% |
| 2023 | 1,672,381 | 1,784,693 | −112,312 | 11.7 | 35% |
In its most recent public year (2023), this organization spent $112,312 more than it brought in. Its reserves stood at about 11.7 months of spending, up from 6.7 in 2020. Staff pay was 35% of spending. $814,494 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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