Friends Of The Highwood Public Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 123,920 | 22,689 | 101,231 | 53.5 | — |
| 2021 | 409,509 | 108,403 | 301,106 | 46.2 | 0% |
| 2022 | 1,059,390 | 1,220,970 | −161,580 | 2.5 | 0% |
| 2023 | 1,032,170 | 191,381 | 840,789 | 68.8 | 0% |
| 2024 | 474,169 | 491,835 | −17,666 | 26.3 | 0% |
In its most recent public year (2024), this organization spent $17,666 more than it brought in. Its reserves stood at about 26.3 months of spending, down from 53.5 in 2020. Staff pay was 0% of spending. $300,000 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 2024. 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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