Friends Of The Monmouth Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 9,206 | 6,966 | 2,240 | 290.2 | — |
| 2022 | 12,834 | 19,717 | −6,883 | 86.4 | — |
| 2023 | 8,901 | 11,145 | −2,244 | 158.3 | — |
In its most recent public year (2023), this organization spent $2,244 more than it brought in. Its reserves stood at about 158.3 months of spending, down from 290.2 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 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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