The Library Foundation Of Martin County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 405,855 | 344,564 | 61,291 | 99.2 | 39% |
| 2021 | 466,064 | 363,427 | 102,637 | 108.7 | 43% |
| 2022 | 1,448,095 | 418,070 | 1,030,025 | 104.0 | 37% |
| 2023 | 575,031 | 488,776 | 86,255 | 93.7 | 32% |
In its most recent public year (2023), this organization brought in $86,255 more than it spent. Its reserves stood at about 93.7 months of spending, down from 99.2 in 2020. Staff pay was 32% of spending. $1,447,107 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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