Prince Georges County Memorial Library System
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 26,151,152 | 29,444,380 | −3,293,228 | 1.9 | 48% |
| 2012 | 26,031,114 | 27,424,996 | −1,393,882 | 2.9 | 58% |
| 2013 | 26,412,964 | 26,493,071 | −80,107 | 3.0 | 53% |
| 2014 | 28,307,593 | 26,517,848 | 1,789,745 | 3.8 | 53% |
| 2015 | 28,226,579 | 28,247,766 | −21,187 | 3.0 | 53% |
| 2016 | 28,722,601 | 29,456,424 | −733,823 | 2.5 | 51% |
| 2017 | 30,295,122 | 30,209,280 | 85,842 | 2.5 | 51% |
| 2018 | 32,140,442 | 32,376,179 | −235,737 | -8.1 | 50% |
| 2019 | 33,388,571 | 35,871,667 | −2,483,096 | -8.1 | 51% |
| 2020 | 35,080,991 | 37,736,023 | −2,655,032 | -8.6 | 52% |
| 2021 | 35,335,320 | 39,030,607 | −3,695,287 | -9.4 | 52% |
| 2022 | 36,569,280 | 37,965,832 | −1,396,552 | -10.1 | 49% |
| 2023 | 38,735,509 | 45,396,222 | −6,660,713 | -10.2 | 44% |
In its most recent public year (2023), this organization spent $6,660,713 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10.2 months), down from 1.9 in 2011. Staff pay was 44% 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
Prince Georges County Memorial Library System'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