Friends Of The Spring Hill Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 57,959 | 11,334 | 46,625 | 75.1 | — |
| 2019 | 64,457 | 21,952 | 42,505 | 62.0 | — |
| 2020 | 21,699 | 4,636 | 17,063 | 337.8 | — |
In its most recent public year (2020), this organization brought in $17,063 more than it spent. Its reserves stood at about 337.8 months of spending, up from 75.1 in 2018.
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 2020. 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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