Friends Of The Winthrop Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,107,191 | 33,869 | 1,073,322 | 394.2 | 0% |
| 2020 | 3,079,496 | 63,945 | 3,015,551 | 774.7 | 0% |
| 2021 | 1,891,019 | 64,514 | 1,826,505 | 1107.6 | 0% |
| 2022 | 660,129 | 6,325,046 | −5,664,917 | 0.5 | 0% |
| 2023 | 71,978 | 135,980 | −64,002 | 19.9 | — |
In its most recent public year (2023), this organization spent $64,002 more than it brought in. Its reserves stood at about 19.9 months of spending, down from 394.2 in 2019.
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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