Friends Of The Abilene Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 27,459 | 145,708 | −118,249 | 38.5 | 0% |
| 2021 | 113,206 | 145,720 | −32,514 | 38.4 | 0% |
| 2022 | 90,706 | 149,787 | −59,081 | 28.8 | 0% |
| 2023 | 97,664 | 146,045 | −48,381 | 26.6 | 0% |
In its most recent public year (2023), this organization spent $48,381 more than it brought in. Its reserves stood at about 26.6 months of spending, down from 38.5 in 2020. Staff pay was 0% of spending. $172,857 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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