Friends Of The Salem Public Library
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2021 | $42,287 | $83,846 | −$41,559 | 20.4 | — |
| 2022 | $63,150 | $85,602 | −$22,452 | 16.8 | — |
| 2023 | $74,308 | $77,339 | −$3,031 | 19.6 | — |
| 2024 | $106,995 | $76,573 | $30,422 | 24.5 | — |
In its most recent public year (2024), this organization brought in $30,422 more than it spent. Its reserves stood at about 24.5 months of spending, up from 20.4 in 2021.
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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