Medina Community Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 513,544 | 218,892 | 294,652 | 235.9 | 27% |
| 2021 | 176,622 | 284,432 | −107,810 | 171.3 | 23% |
| 2022 | 206,920 | 297,177 | −90,257 | 160.4 | 22% |
| 2023 | 199,042 | 305,381 | −106,339 | 154.2 | 24% |
In its most recent public year (2023), this organization spent $106,339 more than it brought in. Its reserves stood at about 154.2 months of spending, down from 235.9 in 2020. Staff pay was 24% of spending. $178,795 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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