La County Library Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 330,981 | 257,665 | 73,316 | 18.1 | 49% |
| 2021 | 273,161 | 275,619 | −2,458 | 16.8 | 51% |
| 2022 | 334,940 | 305,920 | 29,020 | 16.3 | 49% |
| 2023 | 409,074 | 382,998 | 26,076 | 13.8 | 43% |
In its most recent public year (2023), this organization brought in $26,076 more than it spent. Its reserves stood at about 13.8 months of spending, down from 18.1 in 2020. Staff pay was 43% of spending. $26,075 of its net assets are donor-restricted.
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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