Summit County Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 201,966 | 23,786 | 178,180 | 155.8 | 0% |
| 2014 | 445,974 | 599,484 | −153,510 | 3.1 | 0% |
| 2015 | 145,919 | 200,983 | −55,064 | 6.0 | — |
| 2016 | 37,399 | 26,755 | 10,644 | 49.7 | — |
| 2017 | 27,094 | 38,982 | −11,888 | 30.5 | — |
| 2018 | 24,431 | 22,464 | 1,967 | 53.9 | — |
| 2019 | 26,106 | 14,249 | 11,857 | 95.0 | — |
| 2020 | 37,358 | 13,004 | 24,354 | 126.6 | — |
| 2021 | 169,843 | 34,239 | 135,604 | 95.6 | — |
| 2022 | 371,041 | 22,485 | 348,556 | 331.6 | 0% |
| 2023 | 172,684 | 11,758 | 160,926 | 798.4 | 0% |
| 2024 | 99,990 | 732,358 | −632,368 | 2.5 | — |
In its most recent public year (2024), this organization spent $632,368 more than it brought in. Its reserves stood at about 2.5 months of spending, down from 155.8 in 2013.
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
Summit County Library Foundation's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works