Albemarle Regional Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 1,239,505 | 1,237,058 | 2,447 | 20.4 | 46% |
| 2016 | 1,259,279 | 1,265,761 | −6,482 | 20.1 | 48% |
| 2017 | 1,282,695 | 1,351,561 | −68,866 | 18.3 | 45% |
| 2018 | 1,539,851 | 1,355,630 | 184,221 | 19.8 | 45% |
| 2019 | 1,364,433 | 1,298,352 | 66,081 | 21.3 | 50% |
| 2020 | 1,214,912 | 1,351,061 | −136,149 | 19.3 | 47% |
| 2021 | 1,245,200 | 1,311,969 | −66,769 | 19.2 | 50% |
| 2022 | 1,237,045 | 1,122,274 | 114,771 | 23.8 | 60% |
| 2023 | 1,479,541 | 1,512,413 | −32,872 | 17.0 | 44% |
In its most recent public year (2023), this organization spent $32,872 more than it brought in. Its reserves stood at about 17 months of spending, down from 20.4 in 2013. 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
Albemarle Regional Library'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