Monterey Park Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 82,164 | 80,246 | 1,918 | 6.6 | — |
| 2021 | 27,892 | 24,905 | 2,987 | 2.3 | — |
| 2022 | 27,071 | 14,857 | 12,214 | 13.8 | — |
| 2023 | 72,323 | 20,757 | 51,566 | 48.9 | — |
In its most recent public year (2023), this organization brought in $51,566 more than it spent. Its reserves stood at about 48.9 months of spending, up from 6.6 in 2020.
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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