North Smithfield Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 482,594 | 536,259 | −53,665 | 18.1 | 48% |
| 2022 | 596,559 | 542,305 | 54,254 | 10.8 | 53% |
| 2023 | 503,187 | 557,938 | −54,751 | 9.3 | 51% |
In its most recent public year (2023), this organization spent $54,751 more than it brought in. Its reserves stood at about 9.3 months of spending, down from 18.1 in 2021. Staff pay was 51% 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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