Sherman Library Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 288,858 | 400,082 | −111,224 | 120.2 | 34% |
| 2021 | 356,701 | 406,045 | −49,344 | 117.4 | 35% |
| 2022 | 339,146 | 468,477 | −129,331 | 98.4 | 37% |
| 2023 | 530,296 | 465,358 | 64,938 | 101.2 | 35% |
In its most recent public year (2023), this organization brought in $64,938 more than it spent. Its reserves stood at about 101.2 months of spending, down from 120.2 in 2020. Staff pay was 35% 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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