Hanover Public Library Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 2,192,489 | 10,456 | 2,182,033 | 2520.3 | 0% |
| 2018 | 185,653 | 71,138 | 114,515 | 409.9 | 0% |
| 2019 | 405,344 | 191,364 | 213,980 | 167.5 | 0% |
| 2020 | 535,919 | 107,774 | 428,145 | 309.7 | 0% |
| 2021 | 345,716 | 104,569 | 241,147 | 437.5 | 0% |
| 2022 | 163,566 | 98,370 | 65,196 | 426.9 | 0% |
| 2023 | 164,967 | 225,290 | −60,323 | 206.9 | 0% |
In its most recent public year (2023), this organization spent $60,323 more than it brought in. Its reserves stood at about 206.9 months of spending, down from 2520.3 in 2017. Staff pay was 0% of spending. $3,736,401 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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