Mid Mississippi Regional Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,107,535 | 2,162,456 | −54,921 | 21.3 | 51% |
| 2021 | 2,141,604 | 2,166,588 | −24,984 | 21.1 | 49% |
| 2022 | 2,186,480 | 2,226,849 | −40,369 | 20.3 | 47% |
| 2023 | 2,207,433 | 2,365,432 | −157,999 | 18.7 | 47% |
In its most recent public year (2023), this organization spent $157,999 more than it brought in. Its reserves stood at about 18.7 months of spending, down from 21.3 in 2020. Staff pay was 47% of spending. $184,756 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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