Kent Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 264,512 | 249,714 | 14,798 | 51.9 | 56% |
| 2011 | 243,523 | 253,745 | −10,222 | 49.2 | 57% |
| 2012 | 248,484 | 256,940 | −8,456 | 48.2 | 55% |
| 2013 | 255,026 | 307,378 | −52,352 | 44.0 | 46% |
| 2014 | 278,981 | 294,755 | −15,774 | 45.9 | 53% |
| 2015 | 293,034 | 321,882 | −28,848 | 40.6 | 53% |
| 2016 | 276,586 | 294,405 | −17,819 | 44.7 | 60% |
| 2017 | 365,060 | 298,690 | 66,370 | 50.6 | 60% |
| 2018 | 377,099 | 340,263 | 36,836 | 30.4 | 54% |
| 2019 | 498,724 | 364,999 | 133,725 | 35.4 | 49% |
| 2020 | 405,931 | 386,544 | 19,387 | 36.9 | 47% |
| 2021 | 677,404 | 370,327 | 307,077 | 48.8 | 51% |
| 2022 | 494,020 | 364,587 | 129,433 | 48.7 | 54% |
| 2023 | 1,615,669 | 408,834 | 1,206,835 | 82.7 | 57% |
In its most recent public year (2023), this organization brought in $1,206,835 more than it spent. Its reserves stood at about 82.7 months of spending, up from 51.9 in 2010. Staff pay was 57% of spending. $1,452,345 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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