Grosse Pointe Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 317,670 | 168,645 | 149,025 | 90.1 | 2% |
| 2013 | 64,224 | 116,167 | −51,943 | 125.4 | 7% |
| 2014 | 123,124 | 140,070 | −16,946 | 102.5 | 14% |
| 2015 | 180,531 | 210,250 | −29,719 | 66.6 | 14% |
| 2016 | 230,363 | 166,692 | 63,671 | 88.6 | 12% |
| 2017 | 70,434 | 139,895 | −69,461 | 99.6 | 16% |
| 2018 | 45,731 | 146,685 | −100,954 | 86.8 | 14% |
| 2019 | 209,800 | 178,598 | 31,202 | 73.4 | 10% |
| 2020 | 168,742 | 128,831 | 39,911 | 105.4 | 11% |
| 2021 | 390,912 | 125,517 | 265,395 | 133.6 | 17% |
| 2022 | 67,668 | 469,112 | −401,444 | 25.5 | 6% |
| 2023 | 228,294 | 162,976 | 65,318 | 78.1 | 14% |
In its most recent public year (2023), this organization brought in $65,318 more than it spent. Its reserves stood at about 78.1 months of spending, down from 90.1 in 2012. Staff pay was 14% of spending. $57,550 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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