Ivoryton Library Assocation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 246,013 | 158,689 | 87,324 | 76.0 | 54% |
| 2022 | 295,806 | 159,322 | 136,484 | 70.5 | 55% |
| 2023 | 160,670 | 167,776 | −7,106 | 72.5 | 54% |
| 2024 | 222,900 | 185,868 | 37,032 | 72.4 | 51% |
In its most recent public year (2024), this organization brought in $37,032 more than it spent. Its reserves stood at about 72.4 months of spending, down from 76 in 2021. Staff pay was 51% of spending.
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 2024. 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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