West Palm Beach Library Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 136,096 | 212,021 | −75,925 | 2.3 | — |
| 2012 | 569,305 | 257,318 | 311,987 | 16.4 | 45% |
| 2013 | 5,078,717 | 574,169 | 4,504,548 | 101.5 | 33% |
| 2014 | 661,680 | 726,932 | −65,252 | 79.1 | 26% |
| 2015 | 348,050 | 496,989 | −148,939 | 107.9 | 30% |
| 2016 | 393,361 | 543,660 | −150,299 | 100.4 | 23% |
| 2017 | 762,142 | 380,440 | 381,702 | 156.1 | 33% |
| 2018 | 787,963 | 585,418 | 202,545 | 113.4 | 19% |
| 2019 | 410,806 | 574,677 | −163,871 | 114.4 | 24% |
| 2020 | 356,221 | 537,428 | −181,207 | 125.6 | 0% |
| 2021 | 833,009 | 793,374 | 39,635 | 95.8 | 34% |
| 2022 | 632,591 | 1,032,729 | −400,138 | 56.3 | 33% |
| 2023 | 702,208 | 851,402 | −149,194 | 74.9 | 37% |
In its most recent public year (2023), this organization spent $149,194 more than it brought in. Its reserves stood at about 74.9 months of spending, up from 2.3 in 2011. Staff pay was 37% of spending. $4,593,729 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
West Palm Beach Library Foundation Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works