Torrington Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,310,189 | 755,957 | 554,232 | 333.9 | 50% |
| 2012 | 1,635,545 | 778,285 | 857,260 | 345.4 | 46% |
| 2013 | 1,708,131 | 800,992 | 907,139 | 392.9 | 47% |
| 2014 | 1,929,206 | 841,805 | 1,087,401 | 395.4 | 46% |
| 2015 | 2,774,006 | 837,413 | 1,936,593 | 385.6 | 47% |
| 2016 | 1,733,840 | 770,614 | 963,226 | 452.4 | 51% |
| 2017 | 2,526,602 | 1,042,376 | 1,484,226 | 368.5 | 39% |
| 2018 | 1,723,765 | 1,063,840 | 659,925 | 347.6 | 40% |
| 2019 | 1,247,375 | 1,089,970 | 157,405 | 372.6 | 40% |
| 2020 | 797,308 | 1,188,966 | −391,658 | 349.7 | 39% |
| 2021 | 2,061,577 | 1,286,245 | 775,332 | 363.2 | 40% |
| 2022 | 2,177,156 | 1,373,374 | 803,782 | 356.0 | 39% |
| 2023 | 2,829,844 | 1,405,662 | 1,424,182 | 344.8 | 41% |
In its most recent public year (2023), this organization brought in $1,424,182 more than it spent. Its reserves stood at about 344.8 months of spending, up from 333.9 in 2011. Staff pay was 41% of spending. $6,798,166 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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