Norfolk Library Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 331,108 | 432,286 | −101,178 | 210.4 | 41% |
| 2012 | 311,233 | 460,562 | −149,329 | 192.5 | 40% |
| 2013 | 477,557 | 508,183 | −30,626 | 199.8 | 39% |
| 2014 | 879,928 | 502,049 | 377,879 | 237.0 | 14% |
| 2015 | 1,205,316 | 517,235 | 688,081 | 251.6 | 35% |
| 2016 | 688,385 | 512,046 | 176,339 | 243.0 | 36% |
| 2017 | 2,297,728 | 642,604 | 1,655,124 | 227.0 | 30% |
| 2018 | 690,724 | 575,733 | 114,991 | 274.6 | 37% |
| 2019 | 691,317 | 604,320 | 86,997 | 273.1 | 37% |
| 2020 | 921,093 | 611,535 | 309,558 | 252.7 | 39% |
| 2021 | 1,029,191 | 625,179 | 404,012 | 351.3 | 36% |
| 2022 | 968,175 | 738,693 | 229,482 | 263.8 | 40% |
| 2023 | 536,950 | 808,568 | −271,618 | 254.5 | 39% |
In its most recent public year (2023), this organization spent $271,618 more than it brought in. Its reserves stood at about 254.5 months of spending, up from 210.4 in 2011. Staff pay was 39% 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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