Somerville Public Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 376,750 | 7,054 | 369,696 | 628.9 | 0% |
| 2021 | −17,169 | 21,910 | −39,079 | 189.2 | 0% |
| 2022 | 7,656 | 4,594 | 3,062 | 767.4 | 0% |
| 2023 | −34,350 | 12,347 | −46,697 | 1643.6 | 0% |
In its most recent public year (2023), this organization spent $46,697 more than it brought in. Its reserves stood at about 1643.6 months of spending, up from 628.9 in 2020. 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 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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