Hermosa Beach Friends Of The Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 19,628 | 13,293 | 6,335 | 151.5 | — |
| 2016 | 19,988 | 8,946 | 11,042 | 241.9 | — |
| 2017 | 16,974 | 5,744 | 11,230 | 400.3 | — |
| 2018 | 16,594 | 7,260 | 9,334 | 327.7 | — |
| 2019 | 16,649 | 9,575 | 7,074 | 263.2 | — |
| 2020 | 9,388 | 5,456 | 3,932 | 478.9 | — |
| 2021 | 617,019 | 13,770 | 603,249 | 715.5 | 0% |
| 2022 | 576,355 | 41,270 | 535,085 | 367.2 | 0% |
| 2023 | 95,437 | 81,323 | 14,114 | 203.9 | 0% |
In its most recent public year (2023), this organization brought in $14,114 more than it spent. Its reserves stood at about 203.9 months of spending, up from 151.5 in 2015. 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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