Memphis Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 486,328 | 455,589 | 30,739 | 131.6 | 0% |
| 2012 | 654,930 | 563,747 | 91,183 | 108.6 | 16% |
| 2013 | 546,797 | 676,605 | −129,808 | 91.7 | 20% |
| 2014 | 2,086,534 | 637,385 | 1,449,149 | 131.3 | 22% |
| 2015 | 1,926,569 | 1,514,979 | 411,590 | 56.9 | 8% |
| 2016 | 881,395 | 872,768 | 8,627 | 95.2 | 14% |
| 2017 | 886,553 | 747,522 | 139,031 | 119.2 | 19% |
| 2018 | 713,477 | 766,544 | −53,067 | 116.8 | 18% |
| 2019 | 709,041 | 782,563 | −73,522 | 113.2 | 29% |
| 2020 | 731,858 | 545,649 | 186,209 | 169.3 | 31% |
| 2021 | 1,337,152 | 958,347 | 378,805 | 117.3 | 19% |
| 2022 | 5,043,192 | 854,658 | 4,188,534 | 168.1 | 22% |
| 2023 | 973,310 | 1,187,749 | −214,439 | 122.6 | 18% |
In its most recent public year (2023), this organization spent $214,439 more than it brought in. Its reserves stood at about 122.6 months of spending, down from 131.6 in 2011. Staff pay was 18% of spending. $9,557,532 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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