Morrisville Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 149,813 | 126,514 | 23,299 | 27.1 | 48% |
| 2021 | 186,166 | 128,332 | 57,834 | 33.4 | 51% |
| 2022 | 153,917 | 172,810 | −18,893 | 21.4 | 45% |
| 2023 | 166,367 | 160,439 | 5,928 | 23.6 | 51% |
In its most recent public year (2023), this organization brought in $5,928 more than it spent. Its reserves stood at about 23.6 months of spending, down from 27.1 in 2020. Staff pay was 51% 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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