Public Library Of New London
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,141,236 | 881,218 | 260,018 | 41.5 | 49% |
| 2021 | 1,279,230 | 911,070 | 368,160 | 48.1 | 46% |
| 2022 | 1,235,226 | 1,117,283 | 117,943 | 38.5 | 47% |
| 2023 | 1,259,977 | 1,161,376 | 98,601 | 38.6 | 45% |
In its most recent public year (2023), this organization brought in $98,601 more than it spent. Its reserves stood at about 38.6 months of spending, down from 41.5 in 2020. Staff pay was 45% of spending. $928,566 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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