Salem Public Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 344,365 | 688,746 | −344,381 | 44.5 | 10% |
| 2021 | 731,589 | 331,440 | 400,149 | 121.8 | 19% |
| 2022 | 215,936 | 241,177 | −25,241 | 147.1 | 27% |
| 2023 | 522,891 | 423,583 | 99,308 | 87.8 | 16% |
| 2024 | 231,932 | 330,696 | −98,764 | 120.2 | 27% |
In its most recent public year (2024), this organization spent $98,764 more than it brought in. Its reserves stood at about 120.2 months of spending, up from 44.5 in 2020. Staff pay was 27% of spending. $1,871,981 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 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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