Open Library Of Richmond Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 266,050 | 193,090 | 72,960 | 5.9 | 0% |
| 2011 | 1,750,824 | 67,462 | 1,683,362 | 316.2 | 0% |
| 2012 | 73,870 | 34,793 | 39,077 | 626.6 | 0% |
| 2013 | 6,350,167 | 2,171,231 | 4,178,936 | 33.1 | 0% |
| 2014 | 3,255,764 | 571,187 | 2,684,577 | 182.4 | 0% |
| 2015 | 7,965,072 | 1,962,450 | 6,002,622 | 90.1 | 0% |
| 2016 | 960,453 | 6,502,894 | −5,542,441 | 17.4 | 0% |
| 2017 | 10,673,007 | 9,053,379 | 1,619,628 | 14.6 | 0% |
| 2018 | 6,261,975 | 4,494,464 | 1,767,511 | 33.8 | 0% |
| 2019 | 25,782,435 | 5,570,983 | 20,211,452 | 70.9 | 0% |
| 2020 | 4,352,958 | 4,020,356 | 332,602 | 111.4 | 0% |
| 2021 | 15,433,911 | 14,043,186 | 1,390,725 | 33.6 | 0% |
| 2022 | 4,330,217 | 3,071,434 | 1,258,783 | 153.2 | 0% |
| 2023 | 10,064,206 | 26,157,740 | −16,093,534 | 11.0 | 0% |
In its most recent public year (2023), this organization spent $16,093,534 more than it brought in. Its reserves stood at about 11 months of spending, up from 5.9 in 2010. Staff pay was 0% of spending.
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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