Millinocket Memorial Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 510,022 | 239,120 | 270,902 | 75.6 | 39% |
| 2021 | 434,946 | 383,419 | 51,527 | 48.7 | 40% |
| 2022 | 367,742 | 410,904 | −43,162 | 44.2 | 50% |
| 2023 | 519,736 | 459,969 | 59,767 | 41.1 | 48% |
In its most recent public year (2023), this organization brought in $59,767 more than it spent. Its reserves stood at about 41.1 months of spending, down from 75.6 in 2020. Staff pay was 48% of spending. $229,346 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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