Friends Of The Torrance Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 118,909 | 155,914 | −37,005 | 31.7 | — |
| 2013 | 116,602 | 132,050 | −15,448 | 36.1 | — |
| 2014 | 104,933 | 165,498 | −60,565 | 24.4 | — |
| 2015 | 98,198 | 88,177 | 10,021 | 47.2 | — |
| 2016 | 104,246 | 133,377 | −29,131 | 28.6 | — |
| 2017 | 105,534 | 142,773 | −37,239 | 23.6 | — |
| 2018 | 122,019 | 129,039 | −7,020 | 25.6 | — |
| 2019 | 99,689 | 139,916 | −40,227 | 20.2 | — |
| 2020 | 74,818 | 108,277 | −33,459 | 22.4 | — |
| 2021 | 3,380 | 29,315 | −25,935 | 72.0 | — |
| 2023 | 54,460 | 53,449 | 1,011 | 38.0 | — |
| 2024 | 57,028 | 73,440 | −16,412 | 25.0 | — |
In its most recent public year (2024), this organization spent $16,412 more than it brought in. Its reserves stood at about 25 months of spending, down from 31.7 in 2012.
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
Friends Of The Torrance Library's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works