Friends Of The Library Virginia Beach Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 24,107 | 36,838 | −12,731 | 100.0 | 0% |
| 2022 | 71,626 | 38,136 | 33,490 | 107.7 | 0% |
| 2023 | 93,517 | 86,564 | 6,953 | 44.6 | 0% |
| 2024 | 104,439 | 92,040 | 12,399 | 48.2 | 0% |
In its most recent public year (2024), this organization brought in $12,399 more than it spent. Its reserves stood at about 48.2 months of spending, down from 100 in 2021. Staff pay was 0% 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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