Friends Of The Westminster Libraries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 981 | 15,795 | −14,814 | 39.9 | — |
| 2022 | 3,164 | 15,516 | −12,352 | 31.0 | — |
| 2023 | 12,325 | 8,691 | 3,634 | 60.4 | — |
| 2024 | 15,419 | 10,350 | 5,069 | 56.6 | — |
In its most recent public year (2024), this organization brought in $5,069 more than it spent. Its reserves stood at about 56.6 months of spending, up from 39.9 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 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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