Foundation For The Monterey County Free Libraries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 185,374 | 662,211 | −476,837 | 11.9 | 15% |
| 2021 | 375,103 | 416,814 | −41,711 | 18.9 | 23% |
| 2022 | 359,563 | 241,388 | 118,175 | 34.4 | 30% |
| 2023 | 320,553 | 323,644 | −3,091 | 27.3 | 23% |
In its most recent public year (2023), this organization spent $3,091 more than it brought in. Its reserves stood at about 27.3 months of spending, up from 11.9 in 2020. Staff pay was 23% of spending. $448,701 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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