Library Foundation Of Mcminnville
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 34,688 | 26,432 | 8,256 | 318.4 | 0% |
| 2021 | 41,651 | 36,592 | 5,059 | 251.1 | 0% |
| 2022 | 46,975 | 33,823 | 13,152 | 234.2 | 0% |
| 2023 | 119,213 | 69,103 | 50,110 | 132.8 | 0% |
In its most recent public year (2023), this organization brought in $50,110 more than it spent. Its reserves stood at about 132.8 months of spending, down from 318.4 in 2020. Staff pay was 0% of spending. $155,545 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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