Westport Library Assoc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,412,574 | 5,112,029 | 300,545 | 10.9 | 61% |
| 2012 | 8,389,442 | 5,420,212 | 2,969,230 | 16.9 | 57% |
| 2013 | 8,097,581 | 5,293,937 | 2,803,644 | 23.6 | 58% |
| 2014 | 7,346,759 | 5,826,992 | 1,519,767 | 24.9 | 58% |
| 2015 | 7,101,977 | 6,081,483 | 1,020,494 | 24.6 | 56% |
| 2016 | 6,135,268 | 5,980,366 | 154,902 | 23.2 | 57% |
| 2017 | 7,840,318 | 6,116,323 | 1,723,995 | 26.8 | 56% |
| 2018 | 12,709,097 | 6,146,597 | 6,562,500 | 39.9 | 55% |
| 2019 | 11,636,570 | 6,179,686 | 5,456,884 | 50.2 | 55% |
| 2020 | 6,212,242 | 7,300,393 | −1,088,151 | 40.9 | 47% |
| 2021 | 7,094,016 | 6,870,381 | 223,635 | 45.7 | 48% |
| 2022 | 6,108,239 | 6,955,577 | −847,338 | 42.1 | 48% |
| 2023 | 8,374,532 | 7,985,538 | 388,994 | 37.7 | 47% |
In its most recent public year (2023), this organization brought in $388,994 more than it spent. Its reserves stood at about 37.7 months of spending, up from 10.9 in 2011. Staff pay was 47% of spending. $3,417,115 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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