Watertown Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 791,136 | 795,993 | −4,857 | 24.4 | 50% |
| 2012 | 788,340 | 805,674 | −17,334 | 24.2 | 50% |
| 2013 | 795,010 | 812,422 | −17,412 | 23.7 | 50% |
| 2014 | 788,083 | 809,156 | −21,073 | 23.5 | 49% |
| 2015 | 794,998 | 796,818 | −1,820 | 23.8 | 49% |
| 2016 | 793,726 | 810,848 | −17,122 | 23.2 | 49% |
| 2017 | 817,572 | 820,079 | −2,507 | 22.9 | 50% |
| 2018 | 1,187,522 | 806,311 | 381,211 | 28.9 | 49% |
| 2019 | 889,437 | 805,685 | 83,752 | 30.2 | 47% |
| 2020 | 811,842 | 842,781 | −30,939 | 28.4 | 45% |
| 2021 | 834,819 | 845,152 | −10,333 | 28.6 | 39% |
| 2022 | 850,842 | 847,079 | 3,763 | 28.6 | 47% |
| 2023 | 927,397 | 867,272 | 60,125 | 28.8 | 48% |
| 2024 | 964,279 | 914,321 | 49,958 | 28.0 | 46% |
In its most recent public year (2024), this organization brought in $49,958 more than it spent. Its reserves stood at about 28 months of spending, up from 24.4 in 2011. Staff pay was 46% of spending. $33,127 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 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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