Kitsap Regional Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 156,213 | 212,113 | −55,900 | 10.9 | — |
| 2012 | 142,927 | 136,700 | 6,227 | 17.4 | — |
| 2013 | 585,282 | 345,722 | 239,560 | 15.2 | 0% |
| 2014 | 382,458 | 419,740 | −37,282 | 36.4 | 29% |
| 2015 | 1,607,581 | 1,262,468 | 345,113 | 16.4 | 9% |
| 2016 | 683,152 | 1,006,321 | −323,169 | 18.4 | 9% |
| 2017 | 343,301 | 975,495 | −632,194 | 13.5 | 15% |
| 2018 | 974,453 | 430,186 | 544,267 | 52.1 | 44% |
| 2019 | 541,561 | 474,311 | 67,250 | 55.7 | 44% |
| 2020 | 3,029,237 | 2,891,317 | 137,920 | 10.8 | 7% |
| 2021 | 938,219 | 2,299,689 | −1,361,470 | 7.9 | 9% |
| 2022 | 1,641,872 | 940,098 | 701,774 | 31.7 | 26% |
| 2023 | 468,762 | 817,836 | −349,074 | 30.9 | 39% |
In its most recent public year (2023), this organization spent $349,074 more than it brought in. Its reserves stood at about 30.9 months of spending, up from 10.9 in 2011. Staff pay was 39% of spending. $598,548 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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