Durham Library Foundation
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $904,394 | $670,105 | $234,289 | 74.6 | 10% |
| 2021 | $573,063 | $352,743 | $220,320 | 180.9 | 19% |
| 2022 | $573,432 | $318,227 | $255,205 | 183.5 | 19% |
| 2023 | $392,105 | $320,688 | $71,417 | 198.3 | 18% |
In its most recent public year (2023), this organization brought in $71,417 more than it spent. Its reserves stood at about 198.3 months of spending, up from 74.6 in 2020. Staff pay was 18% of spending. $4,336,224 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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