Foundation For San Mateo County Libraries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 173,083 | 231,021 | −57,938 | 9.7 | 0% |
| 2022 | 381,502 | 139,298 | 242,204 | 36.9 | 0% |
| 2023 | 183,321 | 96,254 | 87,067 | 64.3 | 0% |
In its most recent public year (2023), this organization brought in $87,067 more than it spent. Its reserves stood at about 64.3 months of spending, up from 9.7 in 2021. Staff pay was 0% of spending. $467,380 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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