Library Endowment Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 316,453 | 46,694 | 269,759 | 1660.9 | 0% |
| 2021 | 1,689,197 | 1,052,200 | 636,997 | 81.0 | 0% |
| 2022 | 504,874 | 1,616,905 | −1,112,031 | 44.4 | 0% |
| 2023 | 747,862 | 246,007 | 501,855 | 316.8 | 0% |
In its most recent public year (2023), this organization brought in $501,855 more than it spent. Its reserves stood at about 316.8 months of spending, down from 1660.9 in 2020. Staff pay was 0% of spending. $1,929,866 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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