Rutherford County Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 85,024 | 34,119 | 50,905 | 117.8 | — |
| 2021 | 28,643 | 60,662 | −32,019 | 54.0 | — |
| 2022 | 35,892 | 10,813 | 25,079 | 364.3 | — |
| 2023 | 73,530 | 961 | 72,569 | 5004.7 | — |
In its most recent public year (2023), this organization brought in $72,569 more than it spent. Its reserves stood at about 5004.7 months of spending, up from 117.8 in 2020.
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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