Magness Public Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 3,622,652 | 6,505 | 3,616,147 | 6626.0 | 0% |
| 2019 | 51,120 | 103,852 | −52,732 | 419.1 | 0% |
| 2020 | 7,142 | 159,635 | −152,493 | 262.8 | 0% |
| 2021 | 74,713 | 88,072 | −13,359 | 478.2 | 0% |
In its most recent public year (2021), this organization spent $13,359 more than it brought in. Its reserves stood at about 478.2 months of spending, down from 6626 in 2018. Staff pay was 0% of spending.
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 2021. 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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