Bridgewater Library Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 228,400 | 314,911 | −86,511 | 22.6 | 35% |
| 2021 | 484,382 | 220,575 | 263,807 | 48.6 | 46% |
| 2022 | 185,981 | 226,259 | −40,278 | 39.5 | 52% |
| 2023 | 251,482 | 220,757 | 30,725 | 45.0 | 59% |
In its most recent public year (2023), this organization brought in $30,725 more than it spent. Its reserves stood at about 45 months of spending, up from 22.6 in 2020. Staff pay was 59% 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 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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