The Preston Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 0 | 0 | 0 | — | — |
| 2021 | 0 | 0 | 0 | — | — |
| 2022 | 222,649 | 233,790 | −11,141 | 2.1 | 45% |
| 2023 | 261,334 | 266,430 | −5,096 | 1.7 | 43% |
In its most recent public year (2023), this organization spent $5,096 more than it brought in. Its reserves stood at about 1.7 months of spending. Staff pay was 43% of spending. $20,173 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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